Jefferies Financial Group Inc. Purchases New Position in XPO, Inc. $XPO

Jefferies Financial Group Inc. acquired a new position in XPO, Inc. (NYSE:XPO) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 6,000 shares of the transportation company’s stock, valued at approximately $1,232,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in XPO during the 2nd quarter valued at about $2,985,276,000. MFN Partners Management LP bought a new stake in shares of XPO in the second quarter worth $2,026,148,865. Invesco Ltd. boosted its holdings in shares of XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after buying an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP grew its position in shares of XPO by 20.5% during the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after acquiring an additional 736,224 shares during the period. Finally, Orbis Allan Gray Ltd raised its stake in shares of XPO by 15.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after buying an additional 499,220 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of XPO stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XPO. Wells Fargo & Company upped their price objective on XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Raymond James Financial reduced their price objective on XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $247.00 target price on shares of XPO in a research note on Thursday, July 30th. Citizens Jmp assumed coverage on XPO in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Weiss Ratings lowered shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.86.

XPO Stock Up 0.0%

NYSE:XPO opened at $188.58 on Monday. The firm has a market capitalization of $22.08 billion, a P/E ratio of 55.63, a PEG ratio of 1.91 and a beta of 1.85. The company’s fifty day moving average price is $203.99 and its 200-day moving average price is $205.34. 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 1-year low of $121.48 and a 1-year high of $232.05.

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

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.