Deutsche Bank AG Invests $56.76 Million in XPO, Inc. $XPO

Deutsche Bank AG bought a new stake in XPO, Inc. (NYSE:XPO) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 276,492 shares of the transportation company’s stock, valued at approximately $56,761,000.

A number of other hedge funds have also recently modified their holdings of XPO. Durable Capital Partners LP raised its stake in XPO by 79.3% during 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 in the last quarter. Norges Bank acquired a new position in XPO in the fourth quarter valued at $204,304,000. Bessemer Group Inc. grew its holdings in shares of XPO by 115.9% during the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after purchasing an additional 1,299,480 shares during the last quarter. Invesco Ltd. grew its holdings in shares of XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of XPO during the second quarter worth about $151,798,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on XPO shares. Evercore raised XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Truist Financial set a $240.00 price target on XPO in a research note on Friday, May 1st. Raymond James Financial cut their price target on XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Citizens Jmp initiated coverage on XPO in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, TD Cowen raised their target price on shares of XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.86.

XPO Price Performance

Shares of XPO opened at $197.13 on Friday. 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 fifty-two week low of $121.48 and a fifty-two week high of $232.05. The firm has a 50-day simple moving average of $206.12 and a 200-day simple moving average of $205.00. The company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 58.15, a price-to-earnings-growth ratio of 2.00 and a beta of 1.85.

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

Insider Activity at XPO

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of XPO stock in a transaction that occurred 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 in the company, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,400 shares of company stock worth $1,526,502 over the last quarter. Company insiders own 0.87% of the company’s stock.

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.