HighVista Strategies LLC Has $2.66 Million Stock Position in XPO, Inc. $XPO

HighVista Strategies LLC lessened its position in shares of XPO, Inc. (NYSE:XPO) by 21.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,080 shares of the transportation company’s stock after selling 5,800 shares during the quarter. XPO makes up about 1.0% of HighVista Strategies LLC’s investment portfolio, making the stock its 25th largest position. HighVista Strategies LLC’s holdings in XPO were worth $2,662,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of XPO. SouthState Corp bought a new stake in XPO in the 1st quarter valued at $25,000. RMG Wealth Management LLC bought a new position in shares of XPO during the 2nd quarter worth about $26,000. FNY Investment Advisers LLC bought a new position in shares of XPO during the 2nd quarter worth about $42,000. EverSource Wealth Advisors LLC boosted its position in shares of XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 88 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in XPO by 46.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Trading Up 5.4%

XPO opened at $150.52 on Thursday. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The company has a market cap of $17.67 billion, a price-to-earnings ratio of 54.14, a price-to-earnings-growth ratio of 2.83 and a beta of 2.03. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $134.74 and a 200 day simple moving average of $129.79.

XPO (NYSE:XPO) last announced its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%. On average, sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

Analyst Ratings Changes

XPO has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of XPO from $159.00 to $164.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Morgan Stanley increased their target price on XPO from $83.00 to $90.00 and gave the stock an “underweight” rating in a report on Monday. Barclays raised their target price on XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Benchmark reiterated a “buy” rating on shares of XPO in a research report on Tuesday, December 2nd. Finally, Truist Financial set a $145.00 price objective on shares of XPO in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and a consensus target price of $149.64.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.