XPO, Inc. (NYSE:XPO) Shares Bought by Forest Avenue Capital Management LP

Forest Avenue Capital Management LP grew its holdings in shares of XPO, Inc. (NYSE:XPO) by 31.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 290,469 shares of the transportation company’s stock after purchasing an additional 68,869 shares during the period. XPO makes up approximately 4.3% of Forest Avenue Capital Management LP’s investment portfolio, making the stock its 13th largest holding. Forest Avenue Capital Management LP’s holdings in XPO were worth $30,833,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

XPO has been the subject of several research reports. Bank of America decreased their target price on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Susquehanna lifted their price objective on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday. Stifel Nicolaus increased their target price on shares of XPO from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Wells Fargo & Company decreased their price target on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. cut their price objective on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $130.18.

XPO Trading Down 2.4 %

NYSE:XPO opened at $112.58 on Friday. The stock has a market cap of $13.10 billion, a PE ratio of 55.19, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. XPO, Inc. has a fifty-two week low of $65.80 and a fifty-two week high of $130.51. 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 stock’s 50-day moving average is $113.22 and its two-hundred day moving average is $113.42.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 EPS 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 firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. As a group, equities research analysts forecast that XPO, Inc. will post 3.6 earnings per share for the current fiscal 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.