K.J. Harrison & Partners Inc Takes Position in XPO, Inc. $XPO

K.J. Harrison & Partners Inc acquired a new position in XPO, Inc. (NYSE:XPO) in the second quarter, Holdings Channel.com reports. The fund acquired 24,000 shares of the transportation company’s stock, valued at approximately $4,927,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XPO. Elyxium Wealth LLC acquired a new position in XPO during the 4th quarter valued at about $28,000. Torren Management LLC acquired a new stake in XPO in the fourth quarter worth about $37,000. Horizon Investments LLC acquired a new stake in XPO in the third quarter worth about $39,000. International Assets Investment Management LLC purchased a new stake in shares of XPO during the fourth quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after acquiring an additional 88 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at XPO

In other news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the sale, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,400 shares of company stock valued at $1,526,502 in the last quarter. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

XPO has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, June 8th. 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 note on Friday, July 31st. Weiss Ratings raised shares of XPO from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. BMO Capital Markets upped their price target on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Finally, Citizens Jmp began coverage on shares of XPO in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $225.86.

XPO Stock Up 0.1%

NYSE:XPO opened at $211.20 on Tuesday. The firm has a market capitalization of $24.73 billion, a P/E ratio of 62.30, a PEG ratio of 2.14 and a beta of 1.85. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The company’s fifty day moving average price is $207.62 and its 200-day moving average price is $203.94. 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 (NYSE:XPO) last issued its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the company posted $1.05 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. 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.