XPO, Inc. $XPO Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. lifted its holdings in shares of XPO, Inc. (NYSE:XPO) by 115.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,420,899 shares of the transportation company’s stock after buying an additional 1,299,480 shares during the quarter. XPO makes up approximately 0.7% of Bessemer Group Inc.’s investment portfolio, making the stock its 22nd largest position. Bessemer Group Inc.’s holdings in XPO were worth $470,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XPO. Border to Coast Pensions Partnership Ltd purchased a new position in XPO in the 1st quarter valued at $36,048,000. Econ Financial Services Corp purchased a new position in XPO during the 4th quarter worth $1,837,000. Calamos Advisors LLC lifted its stake in shares of XPO by 247.8% in the 4th quarter. Calamos Advisors LLC now owns 13,973 shares of the transportation company’s stock worth $1,899,000 after acquiring an additional 9,956 shares during the period. K.J. Harrison & Partners Inc boosted its holdings in shares of XPO by 460.0% in the fourth quarter. K.J. Harrison & Partners Inc now owns 28,000 shares of the transportation company’s stock valued at $3,805,000 after acquiring an additional 23,000 shares in the last quarter. Finally, Dakota Wealth Management raised its holdings in XPO by 23.3% during the fourth quarter. Dakota Wealth Management now owns 14,641 shares of the transportation company’s stock worth $1,990,000 after purchasing an additional 2,765 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XPO has been the topic of a number of analyst reports. Bank of America lifted their price objective on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Susquehanna upped their price objective on XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a report on Tuesday. Stephens raised XPO to a “strong-buy” rating in a report on Wednesday, July 8th. BMO Capital Markets increased their price target on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. raised their price objective 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. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $219.57.

XPO Trading Up 7.1%

Shares of XPO stock opened at $219.46 on Friday. The stock has a market cap of $25.77 billion, a P/E ratio of 75.16, a P/E/G ratio of 2.36 and a beta of 1.85. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a fifty-two week low of $116.68 and a fifty-two week high of $232.05. The business has a fifty day simple moving average of $208.88 and a 200-day simple moving average of $194.54.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. On average, analysts forecast that XPO, Inc. will post 4.9 earnings per share for the current fiscal year.

Insider Activity at XPO

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by corporate insiders.

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.