Holocene Advisors LP Has $108.39 Million Position in XPO, Inc. $XPO

Holocene Advisors LP raised its stake in shares of XPO, Inc. (NYSE:XPO) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 858,247 shares of the transportation company’s stock after purchasing an additional 46,613 shares during the period. Holocene Advisors LP’s holdings in XPO were worth $108,388,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. lifted its stake in shares of XPO by 306.9% in the second quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock worth $660,679,000 after buying an additional 3,945,683 shares during the last quarter. Durable Capital Partners LP raised its holdings in XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after acquiring an additional 1,589,759 shares during the period. Norges Bank acquired a new position in XPO during the 2nd quarter worth $168,840,000. Cooke & Bieler LP bought a new stake in XPO during the second quarter valued at about $108,218,000. Finally, BNP Paribas Financial Markets boosted its holdings in XPO by 854.2% during the first quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after acquiring an additional 493,736 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

XPO opened at $149.03 on Friday. The stock’s 50 day simple moving average is $135.61 and its 200-day simple moving average is $130.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77. The stock has a market cap of $17.49 billion, a PE ratio of 53.61, a P/E/G ratio of 2.98 and a beta of 2.03. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00.

XPO (NYSE:XPO) last issued its earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The firm 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%. Sell-side analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Stifel Nicolaus set a $149.00 price objective on XPO in a research report on Friday, October 31st. Truist Financial set a $145.00 price target on XPO in a research report on Tuesday, October 14th. Citigroup upped their price target on XPO from $159.00 to $164.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Susquehanna restated a “positive” rating and issued a $162.00 price objective on shares of XPO in a research note on Friday, October 31st. Finally, Rothschild Redb raised shares of XPO to a “strong-buy” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.81.

XPO 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.