XPO, Inc. $XPO Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its stake in shares of XPO, Inc. (NYSE:XPO) by 33.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,037 shares of the transportation company’s stock after purchasing an additional 2,538 shares during the period. Fox Run Management L.L.C.’s holdings in XPO were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Cerity Partners LLC lifted its holdings in XPO by 9.9% in the fourth quarter. Cerity Partners LLC now owns 4,246 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 382 shares during the period. TIAA Trust National Association lifted its holdings in XPO by 5.7% in the fourth quarter. TIAA Trust National Association now owns 6,253 shares of the transportation company’s stock valued at $850,000 after acquiring an additional 335 shares during the period. LPL Financial LLC lifted its holdings in XPO by 10.7% in the fourth quarter. LPL Financial LLC now owns 72,125 shares of the transportation company’s stock valued at $9,803,000 after acquiring an additional 6,977 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in XPO by 8.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,573 shares of the transportation company’s stock valued at $1,301,000 after acquiring an additional 732 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in XPO by 9.7% in the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after acquiring an additional 261,935 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on XPO shares. Morgan Stanley set a $105.00 target price on XPO and gave the company an “underweight” rating in a report on Friday, May 1st. Bank of America raised their target price on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Barclays raised their target price on XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Benchmark raised their target price on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 target price on shares of XPO in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $217.38.

XPO Trading Up 1.3%

Shares of XPO stock opened at $227.65 on Wednesday. XPO, Inc. has a fifty-two week low of $116.68 and a fifty-two week high of $232.00. The stock has a market cap of $26.73 billion, a P/E ratio of 77.96, a P/E/G ratio of 2.61 and a beta of 1.83. The business has a fifty day simple moving average of $211.32 and a 200-day simple moving average of $181.88. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the business posted $0.73 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts forecast that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.

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.