XPO, Inc. $XPO Shares Purchased by Castleark Management LLC

Castleark Management LLC lifted its stake in XPO, Inc. (NYSE:XPO) by 155.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,269 shares of the transportation company’s stock after purchasing an additional 33,050 shares during the quarter. Castleark Management LLC’s holdings in XPO were worth $7,376,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

XPO has been the topic of a number of research reports. Morgan Stanley set a $105.00 price target on XPO and gave the stock an “underweight” rating in a report on Friday, May 1st. BMO Capital Markets lifted their price objective on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Citigroup boosted their price target on XPO from $207.00 to $221.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Susquehanna lifted their price objective on XPO from $210.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Stifel Nicolaus set a $237.00 price objective on XPO in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $217.38.

XPO Stock Up 0.1%

Shares of XPO stock opened at $227.88 on Friday. The company has a fifty day moving average price of $213.19 and a 200 day moving average price of $183.52. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a twelve month low of $116.68 and a twelve month high of $232.05. The stock has a market cap of $26.76 billion, a price-to-earnings ratio of 78.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.83.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share 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 firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the company earned $0.73 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that XPO, Inc. will post 4.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the company’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 completion of the transaction, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This represents a 33.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by insiders.

About XPO

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.