MFN Partners Management LP Makes New Investment in XPO, Inc. $XPO

MFN Partners Management LP acquired a new position in shares of XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,869,691 shares of the transportation company’s stock, valued at approximately $2,026,148,865. XPO makes up 0.0% of MFN Partners Management LP’s portfolio, making the stock its biggest position. MFN Partners Management LP owned about 8.43% of XPO as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in XPO in the 4th quarter valued at $28,000. Keating Financial Advisory Services Inc. acquired a new stake in XPO in the 2nd quarter worth approximately $32,000. Torren Management LLC bought a new stake in shares of XPO in the 4th quarter worth about $37,000. Horizon Investments LLC bought a new stake in XPO in the third quarter valued at approximately $39,000. Finally, International Assets Investment Management LLC acquired a new position in shares of XPO during the 4th quarter worth approximately $41,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Barclays lifted their price target on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Raymond James Financial reduced their target price on shares of XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Stephens increased their target price on XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $247.00 target price on shares of XPO in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $225.86.

XPO Stock Performance

NYSE XPO traded down $3.75 during trading on Friday, reaching $187.86. 337,112 shares of the company’s stock were exchanged, compared to its average volume of 1,474,212. The business has a 50 day moving average price of $204.21 and a 200-day moving average price of $205.47. The stock has a market capitalization of $22.00 billion, a P/E ratio of 55.42, a PEG ratio of 1.95 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05.

XPO (NYSE:XPO) last posted its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the business posted $1.05 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. Sell-side analysts forecast that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Insider Transactions at XPO

In related news, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by company insiders.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.