Lagoda Investment Management L.P. Reduces Stake in XPO, Inc. $XPO

Lagoda Investment Management L.P. cut its holdings in shares of XPO, Inc. (NYSE:XPO) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,950 shares of the transportation company’s stock after selling 4,675 shares during the quarter. XPO comprises 5.3% of Lagoda Investment Management L.P.’s investment portfolio, making the stock its 8th largest holding. Lagoda Investment Management L.P. owned approximately 0.06% of XPO worth $9,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Forge First Asset Management Inc. bought a new stake in XPO in the 2nd quarter valued at $6,079,000. Cooke & Bieler LP increased its holdings in shares of XPO by 9.0% during the 3rd quarter. Cooke & Bieler LP now owns 933,745 shares of the transportation company’s stock worth $120,705,000 after purchasing an additional 76,847 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of XPO by 86.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 86,726 shares of the transportation company’s stock worth $11,008,000 after purchasing an additional 40,235 shares during the period. Gateway Investment Advisers LLC raised its position in shares of XPO by 67.2% during the third quarter. Gateway Investment Advisers LLC now owns 18,431 shares of the transportation company’s stock valued at $2,383,000 after buying an additional 7,406 shares during the last quarter. Finally, Invesco Ltd. raised its position 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 buying an additional 3,945,683 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on XPO shares. Wolfe Research downgraded XPO from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $180.00 price target on shares of XPO in a report on Thursday, February 5th. Benchmark reiterated a “buy” rating on shares of XPO in a research report on Tuesday, March 3rd. Oppenheimer lifted their price objective on XPO from $198.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Finally, Truist Financial boosted their price objective on XPO from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, XPO presently has an average rating of “Moderate Buy” and an average target price of $182.14.

XPO Stock Performance

NYSE XPO opened at $185.46 on Tuesday. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $220.50. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. The stock has a market cap of $21.73 billion, a P/E ratio of 69.98, a PEG ratio of 2.35 and a beta of 1.93. The company’s 50-day simple moving average is $178.42 and its 200 day simple moving average is $150.29.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS 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 company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. As a group, research 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.