OFI Invest Asset Management Purchases 1,931 Shares of XPO, Inc. (NYSE:XPO)

OFI Invest Asset Management grew its position in XPO, Inc. (NYSE:XPO) by 1,950.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,030 shares of the transportation company’s stock after buying an additional 1,931 shares during the period. OFI Invest Asset Management’s holdings in XPO were worth $201,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mystic Asset Management Inc. raised its stake in shares of XPO by 1.7% in the 1st quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock valued at $1,068,000 after purchasing an additional 150 shares during the period. US Bancorp DE raised its position in shares of XPO by 0.9% in the first quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock valued at $2,140,000 after purchasing an additional 154 shares during the period. CWM LLC boosted its holdings in shares of XPO by 25.2% during the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after buying an additional 160 shares during the period. Private Advisor Group LLC increased its stake in shares of XPO by 4.9% during the first quarter. Private Advisor Group LLC now owns 3,811 shares of the transportation company’s stock worth $465,000 after purchasing an additional 179 shares during the period. Finally, Epoch Investment Partners Inc. boosted its position in shares of XPO by 2.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 7,133 shares of the transportation company’s stock valued at $625,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the topic of several analyst reports. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of XPO in a report on Friday, August 2nd. Raymond James lowered their price target on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Susquehanna reduced their price objective on XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. Bank of America cut their target price on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Finally, Stifel Nicolaus upped their target price on XPO from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.17.

Insider Buying and Selling at XPO

In other XPO news, Director Allison Landry sold 1,875 shares of XPO stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total value of $195,975.00. Following the sale, the director now owns 6,965 shares of the company’s stock, valued at approximately $727,981.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

XPO Stock Performance

Shares of XPO stock traded down $2.03 on Friday, reaching $121.12. The stock had a trading volume of 1,238,634 shares, compared to its average volume of 1,807,384. The stock has a market cap of $14.10 billion, a P/E ratio of 59.37, a price-to-earnings-growth ratio of 1.81 and a beta of 2.10. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. XPO, Inc. has a 1 year low of $65.80 and a 1 year high of $130.51. The company has a 50 day simple moving average of $109.25 and a 200 day simple moving average of $113.59.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.11. The business 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%. XPO’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. Equities research analysts expect that XPO, Inc. will post 3.61 EPS for the current year.

XPO 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.