MGO One Seven LLC Makes New Investment in XPO, Inc. $XPO

MGO One Seven LLC bought a new position in shares of XPO, Inc. (NYSE:XPO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,157 shares of the transportation company’s stock, valued at approximately $732,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Pension Service bought a new stake in shares of XPO during the 2nd quarter worth approximately $37,695,000. Renaissance Technologies LLC raised its position in XPO by 73.3% during the first quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock valued at $34,770,000 after purchasing an additional 75,600 shares in the last quarter. K.J. Harrison & Partners Inc bought a new stake in XPO during the second quarter worth $4,927,000. MFN Partners Management LP bought a new stake in XPO during the second quarter worth $2,026,148,865. Finally, Concurrent Investment Advisors LLC lifted its stake in XPO by 325.1% during the second quarter. Concurrent Investment Advisors LLC now owns 15,420 shares of the transportation company’s stock worth $3,166,000 after purchasing an additional 11,793 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

XPO traded down $0.35 on Friday, reaching $176.13. The stock had a trading volume of 1,490,830 shares, compared to its average volume of 1,231,227. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $20.52 billion, a price-to-earnings ratio of 41.54, a price-to-earnings-growth ratio of 1.75 and a beta of 1.87. XPO, Inc. has a fifty-two week low of $124.82 and a fifty-two week high of $232.05. The firm has a 50-day moving average of $182.94 and a 200-day moving average of $197.05.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.12. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. XPO had a return on equity of 32.80% and a net margin of 5.69%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 earnings per share. As a group, sell-side analysts anticipate that XPO, Inc. will post 5.77 EPS for the current year.

Insiders Place Their Bets

In other XPO news, CAO Christopher Brown sold 3,750 shares of XPO stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kyle Wismans sold 750 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $191.62, for a total value of $143,715.00. Following the transaction, the chief financial officer owned 47,216 shares of the company’s stock, valued at $9,047,529.92. This trade represents a 1.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 15,095 shares of company stock valued at $2,860,208. 0.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating and set a $275.00 price target on shares of XPO in a report on Friday, October 30th. Citigroup lifted their target price on XPO from $224.00 to $229.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Raymond James Financial reissued an “outperform” rating and set a $210.00 target price on shares of XPO in a research note on Friday, October 30th. Bank of America increased their target price on shares of XPO from $228.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Finally, Wells Fargo & Company decreased their price target on shares of XPO from $250.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, XPO has a consensus rating of “Moderate Buy” and a consensus target price of $221.45.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.