Flputnam Investment Management Co. Purchases Shares of 3,580 XPO, Inc. $XPO

Flputnam Investment Management Co. purchased a new position in shares of XPO, Inc. (NYSE:XPO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,580 shares of the transportation company’s stock, valued at approximately $735,000.

A number of other large investors also recently modified their holdings of the business. Amundi raised its holdings in XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after acquiring an additional 1,820 shares in the last quarter. AQR Capital Management LLC grew its stake in XPO by 7.6% in the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock valued at $1,856,000 after purchasing an additional 1,243 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of XPO by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 worth $42,000 after purchasing an additional 88 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of XPO during the 2nd quarter worth approximately $611,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Up 0.1%

Shares of XPO opened at $211.20 on Tuesday. The firm has a market cap of $24.73 billion, a P/E ratio of 62.30, a price-to-earnings-growth ratio of 2.14 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05. The firm’s 50-day simple moving average is $207.62 and its 200 day simple moving average is $203.94.

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

Analyst Ratings Changes

Several research firms recently weighed in on XPO. Bank of America raised their target price 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. Raymond James Financial dropped their price target on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Stephens increased their price target on shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Morgan Stanley set a $105.00 target price on shares of XPO and gave the company an “underweight” rating in a report on Friday, May 1st. Finally, Citigroup cut their target price on shares of XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.86.

Insider Buying and Selling at XPO

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at $6,261,149.70. This represents a 10.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Allison Landry sold 2,400 shares of XPO stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, 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 SEC filing for this sale provides additional information. Insiders sold a total of 7,400 shares of company stock valued at $1,526,502 over the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

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.