XPO, Inc. (NYSE:XPO) Shares Bought by Tidal Investments LLC

Tidal Investments LLC increased its position in shares of XPO, Inc. (NYSE:XPO) by 472.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,101 shares of the transportation company’s stock after acquiring an additional 11,636 shares during the period. Tidal Investments LLC’s holdings in XPO were worth $1,516,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of XPO. D1 Capital Partners L.P. acquired a new position in XPO during the second quarter worth about $271,532,000. The Manufacturers Life Insurance Company grew its holdings in XPO by 239.5% during the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock worth $59,486,000 after acquiring an additional 390,320 shares during the period. Holocene Advisors LP grew its holdings in XPO by 61.2% during the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after acquiring an additional 259,727 shares during the period. Clearbridge Investments LLC grew its holdings in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after acquiring an additional 253,519 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in XPO during the third quarter worth about $18,071,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Down 0.2 %

XPO opened at $157.95 on Wednesday. XPO, Inc. has a fifty-two week low of $80.26 and a fifty-two week high of $161.00. The business has a 50-day moving average of $138.74 and a 200-day moving average of $120.18. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $18.39 billion, a PE ratio of 51.12, a price-to-earnings-growth ratio of 2.37 and a beta of 2.08.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price target on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays increased their price target on XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Evercore ISI decreased their price target on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Finally, Oppenheimer increased their price target on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.31.

XPO 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.