Legal & General Group Plc Invests $72.28 Million in XPO, Inc. $XPO

Legal & General Group Plc purchased a new position in shares of XPO, Inc. (NYSE:XPO) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 352,108 shares of the transportation company’s stock, valued at approximately $72,284,000.

Several other institutional investors have also made changes to their positions in XPO. Parallel Advisors LLC increased its holdings in XPO by 13.2% in the first quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after buying an additional 49 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in XPO by 19.1% in the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 60 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in XPO by 13.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 60 shares during the last quarter. Root Financial Partners LLC lifted its stake in XPO by 21.1% in the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 63 shares during the last quarter. Finally, UMB Bank n.a. grew its position in XPO by 4.4% in the fourth quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock worth $202,000 after acquiring an additional 63 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at XPO

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of XPO stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by company insiders.

XPO Stock Performance

Shares of XPO opened at $191.76 on Friday. The company has a market capitalization of $22.45 billion, a PE ratio of 56.57, a price-to-earnings-growth ratio of 1.95 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 company’s fifty day moving average price is $204.21 and its 200 day moving average price is $205.47.

XPO (NYSE:XPO) last issued its quarterly 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. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $1.05 earnings per share. As a group, analysts expect that XPO, Inc. will post 5.44 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Truist Financial set a $240.00 price objective on shares of XPO in a report on Friday, May 1st. Stifel Nicolaus increased their target price on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $247.00 target price on shares of XPO in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.