Clearbridge Investments LLC Buys 261,935 Shares of XPO, Inc. $XPO

Clearbridge Investments LLC increased its stake in XPO, Inc. (NYSE:XPO) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,970,231 shares of the transportation company’s stock after purchasing an additional 261,935 shares during the quarter. Clearbridge Investments LLC’s holdings in XPO were worth $403,684,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of XPO. Toth Financial Advisory Corp raised its holdings in XPO by 100.0% in the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Elyxium Wealth LLC bought a new stake in XPO during the fourth quarter valued at about $28,000. Torren Management LLC bought a new stake in XPO during the fourth quarter valued at about $37,000. Horizon Investments LLC bought a new stake in XPO during the third quarter valued at about $39,000. Finally, International Assets Investment Management LLC bought a new stake in XPO during the fourth quarter valued at about $41,000. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Raymond James Financial reissued an “outperform” rating and set a $233.00 price target on shares of XPO in a report on Friday, May 1st. Wall Street Zen raised XPO from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Citigroup raised their price target on XPO from $207.00 to $221.00 and gave the company a “neutral” rating in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on XPO from $189.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, March 10th. Finally, Wells Fargo & Company raised their price target on XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $216.95.

XPO Trading Down 0.1%

Shares of XPO stock opened at $219.07 on Friday. The firm has a market cap of $25.72 billion, a price-to-earnings ratio of 75.02, a PEG ratio of 2.56 and a beta of 1.83. The business has a 50-day moving average price of $209.88 and a 200-day moving average price of $180.13. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a twelve month low of $116.68 and a twelve month high of $231.46.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 earnings per share. Equities research analysts anticipate that XPO, Inc. will post 4.84 EPS for the current fiscal year.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by insiders.

About XPO

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.