Short Interest in XPO, Inc. (NYSE:XPO) Declines By 21.1%

XPO, Inc. (NYSE:XPO) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 7,122,520 shares, a decline of 21.1% from the January 29th total of 9,032,043 shares. Based on an average trading volume of 3,673,801 shares, the short-interest ratio is currently 1.9 days. Currently, 6.2% of the shares of the stock are short sold. Currently, 6.2% of the shares of the stock are short sold. Based on an average trading volume of 3,673,801 shares, the short-interest ratio is currently 1.9 days.

Analysts Set New Price Targets

XPO has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on shares of XPO from $166.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Wall Street Zen upgraded shares of XPO from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $180.00 target price on shares of XPO in a research note on Thursday, February 5th. Wells Fargo & Company increased their price target on XPO from $147.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Evercore set a $200.00 price objective on XPO in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.68.

Hedge Funds Weigh In On XPO

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi boosted its stake in shares of XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 1,820 shares during the period. AQR Capital Management LLC increased its stake in shares of XPO by 7.6% in the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after buying an additional 1,243 shares during the period. NewEdge Advisors LLC raised its holdings in XPO by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock valued at $1,228,000 after buying an additional 355 shares during the last quarter. Bessemer Group Inc. boosted its position in XPO by 58.7% during the 2nd quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock valued at $51,000 after buying an additional 149 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in XPO in the 2nd quarter worth $867,000. 97.73% of the stock is currently owned by institutional investors.

XPO Price Performance

XPO traded down $1.05 on Wednesday, reaching $214.32. The company had a trading volume of 1,913,058 shares, compared to its average volume of 2,461,554. XPO has a 52-week low of $85.06 and a 52-week high of $220.50. The company has a market cap of $25.11 billion, a price-to-earnings ratio of 80.88, a P/E/G 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 business has a 50 day simple moving average of $170.18 and a 200 day simple moving average of $146.85.

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