Hawk Ridge Capital Management LP Has $17.59 Million Stake in XPO, Inc. $XPO

Hawk Ridge Capital Management LP reduced its holdings in shares of XPO, Inc. (NYSE:XPO) by 53.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,388 shares of the transportation company’s stock after selling 103,600 shares during the quarter. Hawk Ridge Capital Management LP’s holdings in XPO were worth $17,585,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in XPO. Invesco Ltd. raised its stake in XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after acquiring an additional 1,036,434 shares during the period. Durable Capital Partners LP boosted its position in XPO by 20.5% during the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after purchasing an additional 736,224 shares during the period. Orbis Allan Gray Ltd boosted its position in XPO by 15.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after purchasing an additional 499,220 shares during the period. Clearbridge Investments LLC increased its holdings in shares of 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 purchasing an additional 261,935 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of 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. 97.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction dated 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 owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on XPO shares. The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 price objective on shares of XPO in a research report on Thursday, April 30th. Citigroup assumed coverage on shares of XPO in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Benchmark increased their price target on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Finally, Oppenheimer boosted their price objective on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $219.76.

XPO Stock Down 2.5%

XPO stock opened at $207.76 on Tuesday. XPO, Inc. has a fifty-two week low of $116.68 and a fifty-two week high of $232.05. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $24.39 billion, a price-to-earnings ratio of 71.15, a PEG ratio of 2.44 and a beta of 1.85. The business’s fifty day moving average price is $210.46 and its two-hundred day moving average price is $198.10.

XPO (NYSE:XPO) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the business posted $0.73 earnings per share. XPO’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts anticipate that XPO, Inc. will post 4.91 earnings per share for the current year.

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.