E. Ohman J or Asset Management AB Purchases New Position in XPO, Inc. $XPO

E. Ohman J or Asset Management AB purchased a new position in XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,700 shares of the transportation company’s stock, valued at approximately $1,170,000.

Other large investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in XPO during the fourth quarter valued at approximately $28,000. Torren Management LLC purchased a new position in shares of XPO in the 4th quarter worth approximately $37,000. International Assets Investment Management LLC bought a new position in shares of XPO during the 4th quarter valued at approximately $41,000. Horizon Investments LLC bought a new position in shares of XPO during the 3rd quarter valued at approximately $39,000. Finally, V Square Quantitative Management LLC purchased a new stake in XPO during the 4th quarter valued at $43,000. 97.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XPO has been the subject of a number of analyst reports. TD Cowen raised their price target on XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Oppenheimer boosted their price objective on shares of XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Bank of America increased their target price on shares of XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Raymond James Financial lowered 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. Finally, Weiss Ratings cut shares of XPO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average target price of $225.86.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

XPO Trading Up 1.4%

Shares of NYSE XPO opened at $203.28 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50 day moving average price is $208.42 and its 200-day moving average price is $202.19. XPO, Inc. has a fifty-two week low of $119.98 and a fifty-two week high of $232.05. The company has a market cap of $23.80 billion, a price-to-earnings ratio of 59.96, a PEG ratio of 2.04 and a beta of 1.85.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.XPO’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. On average, sell-side analysts expect that XPO, Inc. will post 5.44 earnings per share for the current year.

XPO Company 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.