Parallax Volatility Advisers L.P. Takes $1.49 Million Position in XPO, Inc. $XPO

Parallax Volatility Advisers L.P. acquired a new position in shares of XPO, Inc. (NYSE:XPO) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 7,241 shares of the transportation company’s stock, valued at approximately $1,487,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of XPO in the 2nd quarter worth about $2,985,276,000. MFN Partners Management LP acquired a new stake in XPO during the second quarter worth about $2,026,148,865,000. Durable Capital Partners LP raised its stake in XPO by 79.3% during the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after acquiring an additional 1,589,759 shares during the period. Norges Bank acquired a new stake in XPO during the fourth quarter worth about $204,304,000. Finally, Bessemer Group Inc. lifted its holdings in XPO by 115.9% in the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after acquiring an additional 1,299,480 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In related news, CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

XPO Stock Performance

XPO stock opened at $192.82 on Thursday. The company has a 50-day simple moving average of $204.36 and a 200 day simple moving average of $205.55. The company has a market capitalization of $22.58 billion, a P/E ratio of 56.88, a PEG ratio of 1.95 and a beta of 1.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. Sell-side analysts predict that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

XPO has been the topic of a number of research reports. Weiss Ratings upgraded XPO from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $105.00 price objective on XPO and gave the stock an “underweight” rating in a research note on Friday, May 1st. Stifel Nicolaus raised their target price on XPO from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Susquehanna increased their price objective on shares of XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $225.86.

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.