The Manufacturers Life Insurance Company Invests $11.10 Million in XPO, Inc. $XPO

The Manufacturers Life Insurance Company bought a new position in shares of XPO, Inc. (NYSE:XPO) during the second quarter, HoldingsChannel reports. The institutional investor bought 54,084 shares of the transportation company’s stock, valued at approximately $11,103,000.

Other large investors have also recently modified their holdings of the company. Visionary Wealth Advisors purchased a new position in XPO during the 2nd quarter worth $455,000. Cibc World Market Inc. bought a new stake in shares of XPO in the second quarter valued at about $402,000. Osmosis Investment Management UK Ltd purchased a new stake in XPO in the second quarter worth about $514,000. Sanctuary Advisors LLC bought a new position in XPO during the 2nd quarter worth about $992,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new position in XPO during the 2nd quarter valued at about $610,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insiders Place Their Bets

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.87% of the company’s stock.

XPO Stock Down 1.6%

Shares of XPO stock opened at $188.58 on Friday. The stock’s fifty day moving average price is $203.99 and its 200 day moving average price is $205.35. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 55.63, a price-to-earnings-growth ratio of 1.91 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XPO shares. Citizens Jmp assumed coverage on shares of XPO in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Susquehanna lifted their price target on XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Citigroup decreased their price objective on XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. BMO Capital Markets lifted their target price on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Finally, TD Cowen boosted their target price on shares of XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.86.

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.