Havemeyer Place LP Takes $739,000 Position in XPO, Inc. $XPO

Havemeyer Place LP bought a new stake in XPO, Inc. (NYSE:XPO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,437 shares of the transportation company’s stock, valued at approximately $739,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Toth Financial Advisory Corp boosted its stake in shares of XPO by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Elyxium Wealth LLC purchased a new position in shares of XPO in the fourth quarter valued at $28,000. Torren Management LLC purchased a new position in shares of XPO in the fourth quarter valued at $37,000. International Assets Investment Management LLC purchased a new position in shares of XPO in the fourth quarter valued at $41,000. Finally, Horizon Investments LLC purchased a new position in shares of XPO in the third quarter valued at $39,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Trading Up 2.7%

XPO stock opened at $224.85 on Tuesday. The firm’s 50-day moving average is $210.55 and its 200-day moving average is $181.17. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. XPO, Inc. has a 1 year low of $116.68 and a 1 year high of $231.46. The company has a market cap of $26.40 billion, a P/E ratio of 77.00, a PEG ratio of 2.55 and a beta of 1.83.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm posted $0.73 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts expect that XPO, Inc. will post 4.84 earnings per share for the current year.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on XPO shares. Evercore set a $222.00 target price on shares of XPO in a research note on Friday, May 1st. Barclays increased their price objective on shares of XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. TD Cowen increased their price objective on shares of XPO from $192.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Bank of America increased their price objective on shares of XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $217.38.

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.