Xponance Inc. Buys 9,460 Shares of XPO, Inc. (NYSE:XPO)

Xponance Inc. boosted its position in XPO, Inc. (NYSE:XPO) by 68.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,223 shares of the transportation company’s stock after purchasing an additional 9,460 shares during the quarter. Xponance Inc.’s holdings in XPO were worth $2,465,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its stake in shares of XPO by 14.0% during the 2nd quarter. Bank of Montreal Can now owns 22,572 shares of the transportation company’s stock worth $2,464,000 after acquiring an additional 2,772 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in shares of XPO during the second quarter worth $271,532,000. Forest Avenue Capital Management LP lifted its holdings in shares of XPO by 31.1% during the 2nd quarter. Forest Avenue Capital Management LP now owns 290,469 shares of the transportation company’s stock valued at $30,833,000 after purchasing an additional 68,869 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of XPO by 38.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock worth $21,782,000 after purchasing an additional 57,192 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in XPO by 27.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 37,150 shares of the transportation company’s stock worth $3,944,000 after buying an additional 8,052 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Evercore ISI decreased their price target on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. TD Cowen decreased their price objective on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. Bank of America decreased their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Stephens reiterated an “overweight” rating and set a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.18.

XPO Price Performance

NYSE:XPO opened at $111.24 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50 day moving average price of $113.14 and a 200-day moving average price of $113.11. XPO, Inc. has a 1-year low of $65.80 and a 1-year high of $130.51. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 54.53, a price-to-earnings-growth ratio of 1.82 and a beta of 2.11.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts forecast that XPO, Inc. will post 3.59 EPS for the current year.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.