XPO, Inc. $XPO Stock Position Decreased by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 24.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 103,353 shares of the transportation company’s stock after selling 33,762 shares during the period. Waratah Capital Advisors Ltd.’s holdings in XPO were worth $13,360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XPO. Invesco Ltd. grew its holdings in shares of XPO by 306.9% during the second quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock valued at $660,679,000 after purchasing an additional 3,945,683 shares during the last quarter. Durable Capital Partners LP boosted its position in XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares during the period. Orbis Allan Gray Ltd grew its stake in XPO by 16.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock worth $397,820,000 after buying an additional 452,891 shares during the last quarter. Norges Bank bought a new position in XPO during the 2nd quarter worth $168,840,000. Finally, Hood River Capital Management LLC increased its position in XPO by 26.9% in the second quarter. Hood River Capital Management LLC now owns 1,008,621 shares of the transportation company’s stock worth $127,379,000 after buying an additional 213,833 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XPO has been the subject of several analyst reports. Citigroup boosted their price target on shares of XPO from $167.00 to $205.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Stephens reiterated an “overweight” rating and issued a $170.00 price objective on shares of XPO in a research report on Tuesday, January 6th. TD Cowen reissued a “buy” rating on shares of XPO in a research note on Friday, February 6th. Wall Street Zen upgraded shares of XPO from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of XPO in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $178.32.

XPO Stock Performance

NYSE:XPO opened at $204.87 on Wednesday. The company has a 50-day moving average of $161.95 and a 200-day moving average of $143.47. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 77.31, a price-to-earnings-growth ratio of 2.64 and a beta of 2.01. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $212.71.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. Analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO 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.