Hsbc Holdings PLC Increases Holdings in XPO, Inc. $XPO

Hsbc Holdings PLC increased its position in XPO, Inc. (NYSE:XPO) by 29.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,341 shares of the transportation company’s stock after buying an additional 4,126 shares during the quarter. Hsbc Holdings PLC’s holdings in XPO were worth $3,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Border to Coast Pensions Partnership Ltd bought a new position in shares of XPO during the first quarter valued at about $36,048,000. Econ Financial Services Corp bought a new stake in XPO in the fourth quarter valued at approximately $1,837,000. Calamos Advisors LLC boosted its stake in shares of XPO by 247.8% during the fourth quarter. Calamos Advisors LLC now owns 13,973 shares of the transportation company’s stock valued at $1,899,000 after purchasing an additional 9,956 shares during the period. K.J. Harrison & Partners Inc boosted its stake in shares of XPO by 460.0% during the fourth quarter. K.J. Harrison & Partners Inc now owns 28,000 shares of the transportation company’s stock valued at $3,805,000 after purchasing an additional 23,000 shares during the period. Finally, Dakota Wealth Management grew its holdings in shares of XPO by 23.3% in the fourth quarter. Dakota Wealth Management now owns 14,641 shares of the transportation company’s stock worth $1,990,000 after purchasing an additional 2,765 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

Shares of XPO stock opened at $212.60 on Friday. The company’s 50-day moving average is $210.31 and its 200 day moving average is $197.33. XPO, Inc. has a one year low of $116.68 and a one year high of $232.05. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $24.96 billion, a price-to-earnings ratio of 72.81, a price-to-earnings-growth ratio of 2.46 and a beta of 1.85.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts expect that XPO, Inc. will post 4.91 EPS for the current fiscal year.

Insider Activity

In related news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

XPO has been the topic of a number of recent analyst reports. Stephens raised shares of XPO to a “strong-buy” rating in a report on Wednesday, July 8th. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Weiss Ratings upgraded shares of XPO from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Barclays raised their target price on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Bank of America upped their target price on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $219.76.

XPO Company Profile

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.