XPO, Inc. (NYSE:XPO) is Arvin Capital Management LP’s 9th Largest Position

Arvin Capital Management LP grew its stake in shares of XPO, Inc. (NYSE:XPO) by 15.5% in the third quarter, Holdings Channel reports. The firm owned 140,351 shares of the transportation company’s stock after acquiring an additional 18,831 shares during the period. XPO accounts for approximately 4.9% of Arvin Capital Management LP’s holdings, making the stock its 9th largest position. Arvin Capital Management LP’s holdings in XPO were worth $15,089,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new position in XPO in the third quarter worth about $25,000. Blue Trust Inc. raised its holdings in XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC bought a new position in XPO in the second quarter worth about $28,000. International Assets Investment Management LLC bought a new position in XPO in the second quarter worth about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in XPO in the second quarter worth about $37,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XPO has been the topic of several recent analyst reports. Evercore ISI cut their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Citigroup upped their price target on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus upped their price target on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Stephens reaffirmed an “overweight” rating and issued a $150.00 price target on shares of XPO in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Stock Up 1.5 %

XPO opened at $152.41 on Monday. XPO, Inc. has a twelve month low of $78.72 and a twelve month high of $156.85. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The company has a 50-day moving average price of $127.72 and a 200 day moving average price of $116.20. The company has a market cap of $17.74 billion, a PE ratio of 49.32, a price-to-earnings-growth ratio of 2.29 and a beta of 2.07.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. XPO’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. Sell-side analysts expect that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.