Nissay Asset Management Corp Japan Acquires Shares of 15,407 XPO, Inc. $XPO

Nissay Asset Management Corp Japan bought a new stake in shares of XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,407 shares of the transportation company’s stock, valued at approximately $3,163,000.

Other hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC grew its position in XPO by 267.0% during the second quarter. Hsbc Holdings PLC now owns 67,313 shares of the transportation company’s stock valued at $13,804,000 after buying an additional 48,972 shares during the period. Archer Investment Corp purchased a new position in XPO in the second quarter valued at about $264,000. Kingsview Wealth Management LLC bought a new position in shares of XPO during the 2nd quarter valued at approximately $912,000. Empowered Funds LLC bought a new position in shares of XPO during the 2nd quarter valued at approximately $2,355,000. Finally, United Capital Financial Advisors LLC purchased a new stake in shares of XPO during the 2nd quarter worth approximately $1,444,000. 97.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.87% of the company’s stock.

XPO Price Performance

XPO stock opened at $194.30 on Tuesday. The firm has a market capitalization of $22.75 billion, a P/E ratio of 57.32, a PEG ratio of 1.91 and a beta of 1.85. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. 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 price of $203.86 and a 200-day moving average price of $205.30.

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, beating analysts’ consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. As a group, equities research analysts forecast that XPO, Inc. will post 5.44 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on XPO shares. The Goldman Sachs Group reissued a “buy” rating and set a $247.00 price objective on shares of XPO in a report on Thursday, July 30th. Susquehanna upped their price target on XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Raymond James Financial cut their price target on XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings cut XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.86.

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.