Landscape Capital Management L.L.C. Acquires New Stake in XPO, Inc. $XPO

Landscape Capital Management L.L.C. purchased a new position in shares of XPO, Inc. (NYSE:XPO) in the second quarter, HoldingsChannel reports. The fund purchased 7,709 shares of the transportation company’s stock, valued at approximately $1,583,000.

Several other hedge funds also recently made changes to their positions in XPO. Keating Financial Advisory Services Inc. acquired a new stake in shares of XPO in the second quarter valued at about $32,000. Elyxium Wealth LLC bought a new stake in XPO during the fourth quarter worth about $28,000. Torren Management LLC acquired a new position in XPO during the fourth quarter valued at approximately $37,000. International Assets Investment Management LLC bought a new position in XPO in the fourth quarter valued at approximately $41,000. Finally, Horizon Investments LLC acquired a new position in shares of XPO during the 3rd quarter worth approximately $39,000. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

NYSE:XPO opened at $198.74 on Friday. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05. The stock has a fifty day moving average price of $205.54 and a 200-day moving average price of $204.95. 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 company has a market cap of $23.27 billion, a price-to-earnings ratio of 58.63, a PEG ratio of 2.01 and a beta of 1.85.

XPO (NYSE:XPO) last issued its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate 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 net margin of 4.71% and a return on equity of 29.64%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 EPS. As a group, equities analysts anticipate that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Insider Activity

In other XPO news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director owned 4,849 shares in the company, valued at $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Christopher Michael Brown sold 3,750 shares of XPO stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,400 shares of company stock worth $1,526,502 over the last ninety days. 0.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citizens Jmp started coverage on XPO in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Benchmark boosted their target price on shares of XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 1st. 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 report on Thursday, June 4th. Citigroup dropped their price target on shares of XPO from $226.00 to $221.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Weiss Ratings raised shares of XPO from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Two 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 given a Sell rating to the company. According to MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.86.

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.