Corient Private Wealth LP Purchases Shares of 24,171 XPO, Inc. $XPO

Corient Private Wealth LP acquired a new stake in XPO, Inc. (NYSE:XPO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,171 shares of the transportation company’s stock, valued at approximately $4,962,000.

Other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in shares of XPO by 73.3% in the 1st quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock worth $34,770,000 after buying an additional 75,600 shares in the last quarter. Border to Coast Pensions Partnership Ltd acquired a new stake in XPO in the 1st quarter valued at $36,048,000. K.J. Harrison & Partners Inc acquired a new stake in XPO in the 2nd quarter valued at $4,927,000. MFN Partners Management LP bought a new stake in XPO in the second quarter valued at $2,026,148,865. Finally, BlackRock Inc. bought a new stake in XPO in the second quarter valued at $2,985,276,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at XPO

In other news, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.

XPO Price Performance

Shares of XPO stock opened at $194.30 on Tuesday. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05. The stock has a market capitalization of $22.75 billion, a PE ratio of 57.32, a PEG ratio of 1.91 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s fifty day moving average is $203.86 and its 200-day moving average is $205.30.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 earnings per share. Equities research analysts expect that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XPO has been the subject of a number of analyst reports. Stephens lifted their price objective on XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Citigroup lowered their target price on shares of XPO from $226.00 to $221.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Susquehanna boosted their price target on shares of XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $247.00 price target on shares of XPO in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.86.

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.