6,847 Shares in XPO, Inc. $XPO Purchased by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. purchased a new position in shares of XPO, Inc. (NYSE:XPO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,847 shares of the transportation company’s stock, valued at approximately $1,205,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Keating Financial Advisory Services Inc. acquired a new stake in shares of XPO in the second quarter valued at $32,000. Transamerica Financial Advisors LLC purchased a new stake in shares of XPO in the 2nd quarter valued at $32,000. Root Financial Partners LLC lifted its stake in XPO by 21.1% during the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after acquiring an additional 63 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in XPO by 19.1% during the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after acquiring an additional 60 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after acquiring an additional 49 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Evercore upgraded XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. reduced their price target on shares of XPO from $214.00 to $205.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Citizens Jmp assumed coverage on shares of XPO in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. UBS Group raised their price objective on shares of XPO from $236.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Susquehanna dropped their price objective on shares of XPO from $225.00 to $194.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $223.55.

Insider Buying and Selling

In related news, COO David J. Bates sold 2,615 shares of XPO stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $177.93, for a total value of $465,286.95. Following the completion of the transaction, the chief operating officer owned 62,120 shares in the company, valued at $11,053,011.60. The trade was a 4.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher 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 transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares of the company’s stock, valued at $6,261,149.70. This represents a 10.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,730 shares of company stock worth $2,208,974. Company insiders own 0.87% of the company’s stock.

XPO Stock Up 0.2%

NYSE XPO traded up $0.37 during trading hours on Tuesday, hitting $180.89. 663,959 shares of the company were exchanged, compared to its average volume of 1,418,508. The company has a 50 day moving average of $188.23 and a two-hundred day moving average of $201.87. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 52-week low of $121.48 and a 52-week high of $232.05. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 53.36, a PEG ratio of 1.84 and a beta of 1.85.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%. XPO’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. Equities research analysts anticipate that XPO, Inc. will post 5.46 earnings per share for the current year.

XPO Profile

XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.

XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.