Clearbridge Investments LLC Acquires 261,935 Shares of XPO, Inc. $XPO

Clearbridge Investments LLC increased its holdings in shares of XPO, Inc. (NYSE:XPO) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,970,231 shares of the transportation company’s stock after purchasing an additional 261,935 shares during the quarter. Clearbridge Investments LLC owned 2.54% of XPO worth $403,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new position in shares of XPO during the fourth quarter valued at $68,000. Havemeyer Place LP bought a new position in shares of XPO during the fourth quarter valued at $739,000. WINTON GROUP Ltd bought a new position in shares of XPO during the fourth quarter valued at $4,758,000. Westfield Capital Management Co. LP lifted its holdings in shares of XPO by 4.2% during the fourth quarter. Westfield Capital Management Co. LP now owns 724,214 shares of the transportation company’s stock valued at $98,428,000 after purchasing an additional 29,500 shares in the last quarter. Finally, Vise Technologies Inc. lifted its holdings in shares of XPO by 51.2% during the fourth quarter. Vise Technologies Inc. now owns 3,478 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 1,177 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director directly owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

XPO has been the topic of a number of research reports. Bank of America raised their price target on XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus set a $237.00 price target on XPO in a research note on Friday, May 1st. Susquehanna raised their price target on XPO from $210.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wall Street Zen upgraded XPO from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Morgan Stanley set a $105.00 price target on XPO and gave the stock an “underweight” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.95.

XPO Stock Performance

XPO stock opened at $219.07 on Friday. The company has a market cap of $25.72 billion, a P/E ratio of 75.02, a price-to-earnings-growth ratio of 2.56 and a beta of 1.83. XPO, Inc. has a 1 year low of $116.68 and a 1 year high of $231.46. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s fifty day moving average price is $209.88 and its 200-day moving average price is $180.13.

XPO (NYSE:XPO) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the firm earned $0.73 EPS. XPO’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts forecast that XPO, Inc. will post 4.84 earnings per share for the current year.

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.