Milford Funds Ltd. Takes Position in XPO, Inc. $XPO

Milford Funds Ltd. bought a new stake in shares of XPO, Inc. (NYSE:XPO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 180,029 shares of the transportation company’s stock, valued at approximately $24,468,000.

Other hedge funds have also recently modified their holdings of the company. Durable Capital Partners LP raised its position in shares of XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after purchasing an additional 1,589,759 shares during the last quarter. Norges Bank purchased a new position in shares of XPO in the 4th quarter worth about $204,304,000. Bessemer Group Inc. raised its position in shares of XPO by 228,761.0% in the 4th quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after purchasing an additional 1,120,929 shares during the last quarter. Invesco Ltd. raised its position in shares of XPO by 19.8% in the 3rd 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, Capital World Investors raised its position in shares of XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after purchasing an additional 735,450 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on XPO shares. Oppenheimer lifted their price target on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Morgan Stanley set a $105.00 price target on XPO and gave the stock an “underweight” rating in a research report on Friday, May 1st. Wells Fargo & Company lifted their price target on XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. JPMorgan Chase & Co. lifted their price target on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Finally, Evercore set a $222.00 price target on XPO in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.38.

XPO Price Performance

NYSE XPO opened at $227.88 on Friday. The company has a 50-day moving average price of $213.19 and a 200-day moving average price of $183.52. The firm has a market capitalization of $26.76 billion, a P/E ratio of 78.04, a PEG ratio of 2.64 and a beta of 1.83. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a 52 week low of $116.68 and a 52 week high of $232.05.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. Equities research analysts anticipate that XPO, Inc. will post 4.85 earnings per share for the current year.

XPO Company 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.