Concurrent Investment Advisors LLC Has $3.17 Million Stake in XPO, Inc. $XPO

Concurrent Investment Advisors LLC raised its stake in XPO, Inc. (NYSE:XPO) by 325.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,420 shares of the transportation company’s stock after acquiring an additional 11,793 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in XPO were worth $3,166,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in shares of XPO by 73.3% during the first quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock worth $34,770,000 after buying an additional 75,600 shares in the last quarter. Border to Coast Pensions Partnership Ltd acquired a new stake in shares of XPO during the 1st quarter valued at $36,048,000. K.J. Harrison & Partners Inc acquired a new stake in shares of XPO during the 2nd quarter valued at $4,927,000. MFN Partners Management LP bought a new stake in XPO during the 2nd quarter worth $2,026,148,865. Finally, BlackRock Inc. bought a new stake in XPO during the 2nd quarter worth $2,985,276,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at XPO

In other XPO news, CAO Christopher 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. Insiders own 0.87% of the company’s stock.

XPO Stock Up 0.2%

Shares of NYSE XPO opened at $193.49 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The firm has a market cap of $22.66 billion, a PE ratio of 57.08, a P/E/G ratio of 1.96 and a beta of 1.85. The company’s fifty day simple moving average is $202.60 and its 200 day simple moving average is $205.01. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05.

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

Analyst Upgrades and Downgrades

XPO has been the topic of a number of recent research reports. Zacks Research raised XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. upped 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. UBS Group raised their price objective on shares of XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Oppenheimer lifted their target price on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Citigroup reduced their target price on shares of XPO from $226.00 to $221.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Two 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.00.

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.