Qsemble Capital Management LP Acquires New Position in XPO, Inc. (NYSE:XPO)

Qsemble Capital Management LP acquired a new stake in shares of XPO, Inc. (NYSE:XPO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,395 shares of the transportation company’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. D1 Capital Partners L.P. purchased a new position in shares of XPO during the second quarter valued at approximately $271,532,000. Clearbridge Investments LLC lifted its stake in shares of XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after buying an additional 253,519 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of XPO by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock valued at $165,299,000 after buying an additional 10,318 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of XPO by 9.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock valued at $159,243,000 after buying an additional 130,322 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of XPO by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 899,658 shares of the transportation company’s stock valued at $95,499,000 after buying an additional 7,837 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Stephens reissued an “overweight” rating and set a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Susquehanna increased their price target on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. TD Cowen increased their price target on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Finally, Evercore ISI cut their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Price Performance

XPO opened at $150.31 on Thursday. The company has a fifty day simple moving average of $126.23 and a 200 day simple moving average of $115.62. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 48.64, a PEG ratio of 2.28 and a beta of 2.07. XPO, Inc. has a twelve month low of $78.72 and a twelve month high of $156.85. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. Equities research analysts expect that XPO, Inc. will post 3.62 EPS for the current fiscal year.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.