Rice Hall James & Associates LLC Makes New Investment in XPO, Inc. $XPO

Rice Hall James & Associates LLC purchased a new position in shares of XPO, Inc. (NYSE:XPO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 224,878 shares of the transportation company’s stock, valued at approximately $46,165,000. XPO makes up approximately 2.2% of Rice Hall James & Associates LLC’s holdings, making the stock its 6th biggest holding. Rice Hall James & Associates LLC owned approximately 0.19% of XPO at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. 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 acquiring an additional 1,589,759 shares during the period. Norges Bank bought a new stake in XPO during the fourth quarter valued at about $204,304,000. Bessemer Group Inc. grew its stake in XPO by 115.9% in the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after purchasing an additional 1,299,480 shares during the last quarter. Invesco Ltd. grew its stake in XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after purchasing an additional 1,036,434 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in XPO in the second quarter worth about $151,798,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on XPO shares. Stephens increased their price target on shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Oppenheimer lifted their price objective on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $247.00 price objective on shares of XPO in a research note on Thursday, July 30th. Truist Financial set a $240.00 target price on shares of XPO in a research report on Friday, May 1st. Finally, Benchmark raised their target price on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $225.86.

XPO Trading Up 0.1%

XPO stock opened at $211.20 on Tuesday. The stock has a 50-day moving average of $207.62 and a two-hundred day moving average of $203.94. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The stock has a market cap of $24.73 billion, a PE ratio of 62.30, a price-to-earnings-growth ratio of 2.14 and a beta of 1.85.

XPO (NYSE:XPO) last issued its quarterly 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 return on equity of 29.64% and a net margin of 4.71%.The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. On average, research analysts anticipate that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Insider Activity 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 value of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 7,400 shares of company stock valued at $1,526,502 over the last ninety days. 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.