Vise Technologies Inc. Takes Position in XPO, Inc. $XPO

Vise Technologies Inc. acquired a new position in XPO, Inc. (NYSE:XPO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,711 shares of the transportation company’s stock, valued at approximately $557,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of XPO. Elyxium Wealth LLC bought a new position in XPO in the 4th quarter worth $28,000. Torren Management LLC acquired a new stake in shares of XPO in the fourth quarter valued at about $37,000. Horizon Investments LLC acquired a new stake in shares of XPO in the third quarter valued at about $39,000. International Assets Investment Management LLC bought a new position in shares of XPO in the fourth quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at XPO

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of XPO stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the sale, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Allison Landry sold 2,400 shares of XPO stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the sale, the director owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 7,400 shares of company stock valued at $1,526,502. 0.87% of the stock is owned by company insiders.

XPO Trading Down 2.9%

XPO stock opened at $192.09 on Tuesday. The business has a 50 day moving average price of $204.98 and a two-hundred day moving average price of $205.41. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 12 month low of $121.48 and a 12 month high of $232.05. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 56.66, a price-to-earnings-growth ratio of 2.01 and a beta of 1.85.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.XPO’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. As a group, equities analysts forecast that XPO, Inc. will post 5.44 EPS for the current year.

Analyst Upgrades and Downgrades

XPO has been the subject of several recent analyst reports. Bank of America increased their target price on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Weiss Ratings upgraded XPO from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Benchmark increased their price objective on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Barclays increased their price objective on XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Truist Financial set a $240.00 target price on shares of XPO in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.86.

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.