Gables Capital Management Inc. Takes Position in XPO, Inc. $XPO

Gables Capital Management Inc. purchased a new position in XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,711 shares of the transportation company’s stock, valued at approximately $557,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in XPO by 73.3% during the 1st quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock valued at $34,770,000 after acquiring an additional 75,600 shares in the last quarter. Border to Coast Pensions Partnership Ltd bought a new position in shares of XPO in the 1st quarter worth $36,048,000. K.J. Harrison & Partners Inc bought a new position in shares of XPO in the 2nd quarter worth $4,927,000. Bank of New York Mellon Corp lifted its stake in shares of XPO by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 716,747 shares of the transportation company’s stock worth $139,443,000 after purchasing an additional 6,167 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of XPO by 4.9% during the 1st quarter. Bank of America Corp DE now owns 447,301 shares of the transportation company’s stock worth $87,022,000 after purchasing an additional 21,064 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Performance

Shares of XPO stock opened at $202.92 on Wednesday. The firm has a market capitalization of $23.76 billion, a price-to-earnings ratio of 59.86, a price-to-earnings-growth ratio of 2.14 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. The business has a fifty day moving average of $207.13 and a 200 day moving average of $204.32. XPO, Inc. has a 1 year low of $121.48 and a 1 year high of $232.05.

XPO (NYSE:XPO) last posted its quarterly earnings results 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 business 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 company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. As a group, research analysts expect that XPO, Inc. will post 5.44 earnings per share for the current year.

Insider Transactions at XPO

In related news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares in the company, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,400 shares of company stock valued at $1,526,502 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Weiss Ratings upgraded XPO from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Citizens Jmp began coverage on shares of XPO in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. UBS Group boosted their price objective on shares of XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, Susquehanna increased their target price on shares of XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.