XPO, Inc. $XPO Stock Position Decreased by Empirical Capital Management LLC

Empirical Capital Management LLC reduced its stake in shares of XPO, Inc. (NYSE:XPO) by 26.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,000 shares of the transportation company’s stock after selling 13,000 shares during the period. XPO comprises 3.3% of Empirical Capital Management LLC’s holdings, making the stock its 9th biggest position. Empirical Capital Management LLC’s holdings in XPO were worth $5,029,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in XPO. Primecap Management Co. CA raised its stake in XPO by 6.3% during the 3rd quarter. Primecap Management Co. CA now owns 587,534 shares of the transportation company’s stock valued at $75,951,000 after purchasing an additional 35,050 shares during the period. Compass Wealth Management LLC bought a new stake in XPO during the 3rd quarter valued at approximately $29,997,000. Citigroup Inc. raised its stake in XPO by 694.2% during the 3rd quarter. Citigroup Inc. now owns 161,906 shares of the transportation company’s stock valued at $20,930,000 after purchasing an additional 141,521 shares during the period. Econ Financial Services Corp bought a new stake in XPO during the 4th quarter valued at approximately $1,837,000. Finally, Envestnet Asset Management Inc. raised its stake in XPO by 9.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 97,631 shares of the transportation company’s stock valued at $12,621,000 after purchasing an additional 8,547 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Benchmark lifted their target price on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Oppenheimer lifted their target price on XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Wall Street Zen raised XPO from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Barclays lifted their target price on XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Susquehanna downgraded XPO from a “positive” rating to a “neutral” rating and lifted their target price for the company from $160.00 to $210.00 in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.24.

XPO Stock Performance

NYSE:XPO opened at $214.37 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. XPO, Inc. has a 1 year low of $110.78 and a 1 year high of $231.46. The stock’s 50 day simple moving average is $206.15 and its two-hundred day simple moving average is $177.02. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 73.41, a PEG ratio of 2.49 and a beta of 1.87.

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

XPO Company 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.