62,069 Shares in XPO, Inc. $XPO Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of XPO, Inc. (NYSE:XPO) during the second quarter, Holdings Channel reports. The fund bought 62,069 shares of the transportation company’s stock, valued at approximately $12,742,000.

A number of other hedge funds also recently modified their holdings of the business. Amundi increased its holdings in XPO by 50.7% in the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 1,820 shares during the period. AQR Capital Management LLC lifted its stake in shares of XPO by 7.6% in the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after acquiring an additional 1,243 shares during the period. NewEdge Advisors LLC boosted its holdings in XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock valued at $1,228,000 after acquiring an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 88 shares during the period. Finally, Marshall Wace LLP acquired a new stake in XPO during the 2nd quarter valued at approximately $611,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Trading Up 0.0%

XPO opened at $188.58 on Monday. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The company has a market cap of $22.08 billion, a P/E ratio of 55.63, a price-to-earnings-growth ratio of 1.91 and a beta of 1.85. The company has a fifty day moving average price of $203.99 and a two-hundred day moving average price of $205.34.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. Analysts predict that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the 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 owned 31,005 shares in the company, valued at approximately $6,261,149.70. This 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 accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XPO. Citigroup dropped their price target on shares of XPO from $226.00 to $221.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Weiss Ratings lowered shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Bank of America increased their price target on XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. boosted their price objective on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $247.00 target price on shares of XPO in a research note on Thursday, July 30th. Two equities 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.86.

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.