Seven Eight Capital LP Has $1.50 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

Seven Eight Capital LP decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 11.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,118 shares of the transportation company’s stock after selling 1,805 shares during the period. Seven Eight Capital LP’s holdings in XPO were worth $1,499,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in shares of XPO during the 1st quarter worth about $27,000. Blue Trust Inc. increased its holdings in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after buying an additional 258 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of XPO during the second quarter worth approximately $28,000. Riverview Trust Co bought a new position in shares of XPO in the first quarter valued at approximately $31,000. Finally, ORG Partners LLC acquired a new position in shares of XPO in the 1st quarter worth approximately $36,000. 97.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XPO has been the subject of a number of recent analyst reports. TD Cowen dropped their price target on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Stifel Nicolaus lifted their price target on XPO from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, August 5th. Bank of America decreased their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Susquehanna boosted their target price on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Stephens reiterated an “overweight” rating and set a $150.00 target price on shares of XPO in a research report 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. According to MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus target price of $130.18.

XPO Stock Up 3.4 %

Shares of XPO stock opened at $115.30 on Friday. The business has a fifty day simple moving average of $113.12 and a 200 day simple moving average of $113.48. The stock has a market cap of $13.42 billion, a PE ratio of 56.52, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a 12 month low of $65.80 and a 12 month high of $130.51.

XPO (NYSE:XPO) last posted its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.11. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 EPS. Research analysts predict that XPO, Inc. will post 3.6 EPS for the current year.

About XPO

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.