Quantbot Technologies LP Invests $1.95 Million in XPO, Inc. $XPO

Quantbot Technologies LP bought a new position in shares of XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,476 shares of the transportation company’s stock, valued at approximately $1,945,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amundi raised its position in shares of XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after buying an additional 1,820 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of XPO by 7.6% during the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after acquiring an additional 1,243 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of XPO by 3.2% during the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after acquiring an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after acquiring an additional 88 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in XPO during the second quarter valued at $611,000. Institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

XPO stock opened at $192.09 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $22.49 billion, a P/E ratio of 56.66, a price-to-earnings-growth ratio of 2.01 and a beta of 1.85. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The company’s 50-day moving average is $204.98 and its 200 day moving average is $205.41.

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Raymond James Financial reduced their price target on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Evercore upgraded XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets lifted their target price on XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Wells Fargo & Company boosted their target price on XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Finally, TD Cowen boosted their target price on XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and an average target price of $225.86.

Insider Activity

In other news, CAO Christopher Michael Brown sold 3,750 shares of the business’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 completion of the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 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.

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.