Border to Coast Pensions Partnership Ltd Purchases New Stake in XPO, Inc. $XPO

Border to Coast Pensions Partnership Ltd acquired a new position in XPO, Inc. (NYSE:XPO) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 184,721 shares of the transportation company’s stock, valued at approximately $36,048,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amundi lifted its position in XPO by 50.7% during the 1st 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 grew its position in shares of XPO by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after buying an additional 1,243 shares during the period. NewEdge Advisors LLC grew its position in shares of XPO by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after buying an additional 355 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of XPO during the second quarter worth approximately $611,000. 97.73% of the stock is owned by institutional investors.

XPO Stock Down 0.6%

XPO stock opened at $201.77 on Friday. The firm has a market capitalization of $23.69 billion, a price-to-earnings ratio of 69.10, a PEG ratio of 2.34 and a beta of 1.83. The company’s 50 day simple moving average is $212.32 and its 200 day simple moving average is $187.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. XPO, Inc. has a fifty-two week low of $116.68 and a fifty-two week high of $232.05.

XPO (NYSE:XPO) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.85 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Bank of America lifted their target price on shares of XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. BMO Capital Markets upped their target price on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price target on shares of XPO in a research report on Thursday, April 30th. Finally, Truist Financial set a $240.00 price objective on XPO in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus target price of $218.10.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is owned by company insiders.

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.