XPO, Inc. $XPO Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management boosted its position in XPO, Inc. (NYSE:XPO) by 155.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,785 shares of the transportation company’s stock after acquiring an additional 92,311 shares during the quarter. Picton Mahoney Asset Management’s holdings in XPO were worth $19,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in shares of XPO by 306.9% during the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock worth $660,679,000 after purchasing an additional 3,945,683 shares during the period. Durable Capital Partners LP raised its holdings in XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after buying an additional 1,589,759 shares during the period. Norges Bank acquired a new position in XPO during the second quarter valued at approximately $168,840,000. Orbis Allan Gray Ltd grew its stake in XPO by 16.8% during the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock worth $397,820,000 after buying an additional 452,891 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in XPO during the second quarter worth approximately $47,437,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Up 0.0%

Shares of NYSE XPO opened at $215.22 on Wednesday. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $217.44. The firm has a market cap of $25.21 billion, a price-to-earnings ratio of 81.22, a PEG ratio of 2.82 and a beta of 1.94. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s 50-day simple moving average is $168.72 and its 200-day simple moving average is $146.37.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. XPO’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. TD Cowen restated a “buy” rating on shares of XPO in a report on Friday, February 6th. Stifel Nicolaus raised their price objective on XPO from $166.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, February 6th. UBS Group set a $210.00 target price on XPO and gave the stock a “buy” rating in a research report on Friday, February 6th. Citigroup increased their target price on XPO from $167.00 to $205.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, Benchmark reissued a “buy” rating on shares of XPO in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.68.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.