Lisanti Capital Growth LLC Makes New $643,000 Investment in XPO, Inc. $XPO

Lisanti Capital Growth LLC bought a new position in XPO, Inc. (NYSE:XPO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,130 shares of the transportation company’s stock, valued at approximately $643,000.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in XPO during the second quarter worth about $2,985,276,000. Durable Capital Partners LP lifted its stake in shares of XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares in the last quarter. Norges Bank acquired a new position in shares of XPO in the 4th quarter valued at about $204,304,000. Bessemer Group Inc. grew its holdings in shares of XPO by 115.9% during the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after purchasing an additional 1,299,480 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Down 2.6%

NYSE:XPO opened at $197.45 on Thursday. The firm has a market capitalization of $23.12 billion, a PE ratio of 58.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.85. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The stock has a 50 day moving average of $206.73 and a 200-day moving average of $204.65.

XPO (NYSE:XPO) last posted its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the business posted $1.05 EPS. XPO’s revenue was up 13.2% on a year-over-year basis. Analysts predict that XPO, Inc. will post 5.44 EPS for the current year.

Analyst Upgrades and Downgrades

XPO has been the subject of a number of recent research 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. UBS Group upped their price target on XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Susquehanna lifted their price objective on shares of XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $247.00 target price on shares of XPO in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.86.

Insider Activity

In other news, CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares in the company, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director directly 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. Insiders have sold 7,400 shares of company stock valued at $1,526,502 in the last ninety days. Company insiders own 0.87% of the company’s stock.

XPO 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.