WINTON GROUP Ltd Has $2.20 Million Stake in XPO, Inc. $XPO

WINTON GROUP Ltd boosted its position in shares of XPO, Inc. (NYSE:XPO) by 311.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,700 shares of the transportation company’s stock after purchasing an additional 8,100 shares during the period. WINTON GROUP Ltd’s holdings in XPO were worth $2,197,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in shares of XPO by 25,005.6% in the second quarter. California State Teachers Retirement System now owns 34,184,070 shares of the transportation company’s stock worth $7,017,648,000 after buying an additional 34,047,909 shares during the period. BlackRock Inc. acquired a new position in XPO during the second quarter valued at $2,985,276,000. MFN Partners Management LP purchased a new stake in XPO in the 2nd quarter worth about $2,026,148,865. Invesco Ltd. lifted its stake in 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 acquiring an additional 1,036,434 shares in the last quarter. Finally, Durable Capital Partners LP boosted its position in XPO by 20.5% during the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after acquiring an additional 736,224 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Down 0.1%

Shares of XPO stock opened at $182.11 on Friday. The stock has a market capitalization of $21.32 billion, a P/E ratio of 53.72, a PEG ratio of 1.86 and a beta of 1.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The stock has a 50 day moving average price of $200.88 and a two-hundred day moving average price of $204.43. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities analysts expect that XPO, Inc. will post 5.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on XPO shares. Oppenheimer lifted their target price on XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Sanford C. Bernstein began coverage on shares of XPO in a report on Thursday. They set an “outperform” rating and a $244.00 price target for the company. Wells Fargo & Company boosted their price objective on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Citigroup cut their target price on shares of XPO from $221.00 to $220.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Stephens lifted their target price 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. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $225.82.

Insider Buying and Selling

In related news, CAO Christopher Brown sold 3,750 shares of XPO stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. This trade represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is owned by company insiders.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.