Brant Point Investment Management LLC Purchases 5,000 Shares of XPO, Inc. $XPO

Brant Point Investment Management LLC boosted its position in XPO, Inc. (NYSE:XPO) by 100.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the transportation company’s stock after purchasing an additional 5,000 shares during the period. Brant Point Investment Management LLC’s holdings in XPO were worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in XPO. Durable Capital Partners LP lifted its stake in XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after purchasing an additional 1,589,759 shares during the last quarter. Norges Bank purchased a new position in shares of XPO during the fourth quarter worth approximately $204,304,000. Bessemer Group Inc. increased its position in shares of XPO by 228,761.0% during the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after acquiring an additional 1,120,929 shares during the period. Invesco Ltd. increased its position in shares of XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the period. Finally, Capital World Investors increased its position in shares of XPO by 7.3% during the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares during the period. Institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on XPO shares. BMO Capital Markets raised 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. Oppenheimer raised their target price on shares of XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Truist Financial set a $240.00 target price on shares of XPO in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their target price on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Finally, Evercore set a $222.00 target price on shares of XPO in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $217.38.

XPO Stock Performance

Shares of XPO stock opened at $227.88 on Friday. The firm has a market cap of $26.76 billion, a price-to-earnings ratio of 78.04, a PEG ratio of 2.65 and a beta of 1.83. The company’s 50 day moving average is $213.19 and its 200 day moving average is $183.52. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a 52-week low of $116.68 and a 52-week high of $232.05.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. XPO’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $0.73 earnings per share. On average, sell-side analysts anticipate that XPO, Inc. will post 4.85 EPS for the current fiscal year.

Insider Transactions at XPO

In related news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.87% of the stock is currently owned by insiders.

XPO Profile

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.