132,595 Shares in XPO, Inc. $XPO Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in XPO, Inc. (NYSE:XPO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 132,595 shares of the transportation company’s stock, valued at approximately $27,220,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in XPO. Elyxium Wealth LLC bought a new position in XPO in the fourth quarter worth $28,000. Torren Management LLC purchased a new stake in shares of XPO in the 4th quarter worth about $37,000. Horizon Investments LLC purchased a new stake in shares of XPO in the 3rd quarter worth about $39,000. International Assets Investment Management LLC purchased a new stake in shares of XPO in the 4th quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after acquiring an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the 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 sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction dated Tuesday, August 11th. The stock was 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 $6,261,149.70. This represents a 10.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 7,400 shares of company stock valued at $1,526,502. Corporate insiders own 0.87% of the company’s stock.

XPO Stock Performance

Shares of XPO opened at $197.13 on Friday. The firm has a market capitalization of $23.08 billion, a P/E ratio of 58.15, a PEG ratio of 2.00 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The business has a fifty day moving average of $206.12 and a 200 day moving average of $205.00.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. upped their price target on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $247.00 price objective on shares of XPO in a research report on Thursday, July 30th. Citigroup dropped their target price on XPO from $226.00 to $221.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Finally, Stifel Nicolaus increased their target price on XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.86.

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.