Paloma Partners Management Co Invests $353,000 in XPO, Inc. (NYSE:XPO)

Paloma Partners Management Co acquired a new stake in shares of XPO, Inc. (NYSE:XPO) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,890 shares of the transportation company’s stock, valued at approximately $353,000.

Several other institutional investors and hedge funds have also recently modified their holdings of XPO. Capital Research Global Investors raised its position in shares of XPO by 49.9% during the 4th quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock valued at $813,824,000 after purchasing an additional 3,094,390 shares during the period. Norges Bank bought a new stake in XPO in the 4th quarter valued at $79,592,000. Clearbridge Investments LLC increased its holdings in XPO by 33.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock valued at $272,699,000 after acquiring an additional 560,079 shares during the last quarter. Capital World Investors increased its holdings in XPO by 13.1% in the 4th quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock valued at $380,945,000 after acquiring an additional 503,388 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in XPO by 44.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,515,529 shares of the transportation company’s stock valued at $132,745,000 after acquiring an additional 463,267 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at XPO

In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total value of $141,225,000.00. Following the completion of the sale, the insider now directly owns 11,425,369 shares of the company’s stock, valued at approximately $1,290,838,189.62. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Allison Landry sold 1,875 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the completion of the sale, the director now owns 6,965 shares of the company’s stock, valued at approximately $727,981.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the completion of the sale, the insider now directly owns 11,425,369 shares of the company’s stock, valued at approximately $1,290,838,189.62. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on XPO. Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and lifted their price target for the company from $115.00 to $120.00 in a report on Friday, May 24th. Stephens reiterated an “overweight” rating and issued a $150.00 price target on shares of XPO in a report on Friday, June 7th. Benchmark reiterated a “buy” rating and issued a $140.00 price target on shares of XPO in a report on Friday, June 7th. Bank of America reduced their price target 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. Finally, Evercore ISI reduced their price target on shares of XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.45.

XPO Trading Up 0.7 %

Shares of XPO stock traded up $0.77 during trading hours on Monday, reaching $110.47. 1,744,070 shares of the stock were exchanged, compared to its average volume of 1,473,900. XPO, Inc. has a 12-month low of $64.70 and a 12-month high of $130.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.49. The company’s 50-day moving average price is $107.22 and its 200-day moving average price is $110.96. The firm has a market capitalization of $12.85 billion, a price-to-earnings ratio of 54.15, a price-to-earnings-growth ratio of 1.74 and a beta of 2.10.

XPO (NYSE:XPO) last released its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. XPO had a net margin of 3.08% and a return on equity of 30.77%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 EPS. As a group, equities analysts anticipate that XPO, Inc. will post 3.54 earnings per share 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.