X Square Capital LLC Takes Position in XPO, Inc. $XPO

X Square Capital LLC purchased a new position in XPO, Inc. (NYSE:XPO) during the second quarter, Holdings Channel.com reports. The firm purchased 24,078 shares of the transportation company’s stock, valued at approximately $4,943,000. XPO comprises about 1.3% of X Square Capital LLC’s investment portfolio, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Westpac Banking Corp acquired a new stake in XPO during the second quarter valued at $101,000. Landscape Capital Management L.L.C. purchased a new position in XPO in the second quarter valued at about $1,583,000. Korea Investment CORP purchased a new position in XPO in the second quarter valued at about $17,319,000. Callan Family Office LLC acquired a new position in XPO in the 2nd quarter worth about $350,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in XPO in the 2nd quarter worth about $32,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction dated 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 transaction, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the sale, the chief accounting officer owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 7,400 shares of company stock worth $1,526,502. 0.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XPO. Susquehanna raised their price target on XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. TD Cowen boosted their price target on XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Stephens increased their price objective on XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Morgan Stanley set a $105.00 price objective on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $225.86.

XPO Price Performance

NYSE XPO opened at $198.74 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The company has a fifty day simple moving average of $205.54 and a 200 day simple moving average of $204.95. The company has a market cap of $23.27 billion, a P/E ratio of 58.63, a P/E/G ratio of 2.01 and a beta of 1.85. XPO, Inc. has a 1 year low of $121.48 and a 1 year high of $232.05.

XPO (NYSE:XPO) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.48 by $0.22. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. On average, sell-side analysts predict that XPO, Inc. will post 5.44 EPS for the current year.

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.