XPO, Inc. (NYSE:XPO) Sees Significant Drop in Short Interest

XPO, Inc. (NYSE:XPO) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 7,122,520 shares, a drop of 21.1% from the January 29th total of 9,032,043 shares. Based on an average daily volume of 3,673,801 shares, the short-interest ratio is currently 1.9 days. Approximately 6.2% of the company’s shares are short sold. Approximately 6.2% of the company’s shares are short sold. Based on an average daily volume of 3,673,801 shares, the short-interest ratio is currently 1.9 days.

Institutional Investors Weigh In On XPO

Several institutional investors have recently modified their holdings of XPO. Amundi boosted its holdings in XPO by 50.7% in the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after purchasing an additional 1,820 shares during the last quarter. AQR Capital Management LLC lifted its holdings 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 valued at $1,856,000 after buying an additional 1,243 shares during the period. NewEdge Advisors LLC boosted its stake in shares of XPO by 3.2% in 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 last quarter. Bessemer Group Inc. grew its holdings in shares of XPO by 58.7% in the second quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after acquiring an additional 149 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of XPO in the second quarter worth $867,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Up 0.0%

XPO stock traded up $0.04 during mid-day trading on Tuesday, hitting $215.22. The company had a trading volume of 1,756,699 shares, compared to its average volume of 2,540,135. XPO has a 12 month low of $85.06 and a 12 month high of $217.44. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. The stock’s 50 day moving average price is $168.72 and its two-hundred day moving average price is $146.37. The company has a market capitalization of $25.21 billion, a PE ratio of 81.22, a price-to-earnings-growth ratio of 2.82 and a beta of 1.94.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. XPO’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. As a group, sell-side analysts anticipate that XPO will post 4.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

XPO has been the topic of a number of analyst reports. UBS Group set a $210.00 price objective on shares of XPO and gave the company a “buy” rating in a research report on Friday, February 6th. BMO Capital Markets set a $230.00 price objective on XPO in a report on Thursday, February 19th. Stephens reiterated an “overweight” rating and issued a $170.00 price objective on shares of XPO in a research report on Tuesday, January 6th. Stifel Nicolaus upped their target price on XPO from $166.00 to $206.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Citigroup raised their price target on XPO from $167.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.68.

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.