Atom Investors LP Acquires Shares of 25,666 XPO, Inc. (NYSE:XPO)

Atom Investors LP bought a new position in XPO, Inc. (NYSE:XPO) in the third quarter, HoldingsChannel reports. The firm bought 25,666 shares of the transportation company’s stock, valued at approximately $2,759,000.

Several other large investors have also recently modified their holdings of XPO. Perennial Investment Advisors LLC lifted its position in XPO by 5.5% in the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after buying an additional 103 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of XPO by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock worth $359,000 after acquiring an additional 116 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of XPO by 9.8% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after acquiring an additional 126 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of XPO by 6.4% during the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after purchasing an additional 142 shares during the period. Finally, Resources Management Corp CT ADV grew its holdings in XPO by 1.9% during the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on XPO shares. Wells Fargo & Company raised their price objective on shares of XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Citigroup raised their price target on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and issued a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. Evercore ISI reduced their target price on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Finally, Oppenheimer reissued an “outperform” rating and set a $140.00 target price on shares of XPO in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. 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 stock opened at $154.62 on Tuesday. 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 firm has a market cap of $18.00 billion, a P/E ratio of 50.04, a P/E/G ratio of 2.29 and a beta of 2.08. The business has a fifty day moving average of $128.55 and a two-hundred day moving average of $116.50. XPO, Inc. has a twelve month low of $78.72 and a twelve month high of $156.85.

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

XPO Company Profile

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.