XPO, Inc. $XPO Shares Bought by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp lifted its stake in shares of XPO, Inc. (NYSE:XPO) by 81.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,133 shares of the transportation company’s stock after acquiring an additional 7,705 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in XPO were worth $2,215,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Amundi lifted its holdings in shares of XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 1,820 shares during the last quarter. AQR Capital Management LLC increased its stake in XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after purchasing an additional 1,243 shares in the last quarter. NewEdge Advisors LLC raised its holdings in XPO by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after buying an additional 355 shares during the period. ProShare Advisors LLC raised its holdings in XPO by 4.2% during the 2nd quarter. ProShare Advisors LLC now owns 5,470 shares of the transportation company’s stock worth $691,000 after buying an additional 219 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in XPO during the second quarter valued at about $281,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Price Performance

Shares of XPO opened at $185.46 on Tuesday. The business’s 50-day moving average is $178.42 and its 200-day moving average is $150.29. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $21.73 billion, a price-to-earnings ratio of 69.98, a P/E/G ratio of 2.35 and a beta of 1.93. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $220.50.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.76 by $0.12. XPO had a net margin of 3.87% and a return on equity of 25.07%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company posted $0.89 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup raised their target price on shares of XPO from $167.00 to $205.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Zacks Research upgraded shares of XPO from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. BMO Capital Markets set a $230.00 price objective on shares of XPO in a research note on Thursday, February 19th. Stifel Nicolaus lifted their price objective on shares of XPO from $166.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, TD Cowen reissued a “buy” rating on shares of XPO in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.14.

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.