XPO, Inc. $XPO is Cercano Management LLC’s Largest Position

Cercano Management LLC lifted its holdings in XPO, Inc. (NYSE:XPO) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,945,996 shares of the transportation company’s stock after acquiring an additional 2,840 shares during the period. XPO accounts for about 10.1% of Cercano Management LLC’s portfolio, making the stock its biggest holding. Cercano Management LLC’s holdings in XPO were worth $264,480,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in XPO. Durable Capital Partners LP boosted its stake in shares of XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after acquiring an additional 1,589,759 shares during the period. Norges Bank bought a new position in shares of XPO in the fourth quarter worth about $204,304,000. Bessemer Group Inc. boosted its stake in shares of XPO by 228,761.0% in the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after acquiring an additional 1,120,929 shares during the period. Invesco Ltd. boosted its stake in shares of XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the period. Finally, Capital World Investors boosted its stake in shares of XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares during the period. Institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on XPO. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of XPO in a research note on Friday, February 6th. Morgan Stanley set a $105.00 price objective on XPO and gave the stock an “underweight” rating in a research note on Friday, May 1st. Truist Financial set a $240.00 price objective on XPO in a research note on Friday, May 1st. Oppenheimer increased their price target on XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Stifel Nicolaus set a $237.00 price target on XPO in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.24.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by insiders.

XPO Price Performance

NYSE:XPO opened at $220.59 on Tuesday. The firm has a market capitalization of $25.90 billion, a price-to-earnings ratio of 75.54, a PEG ratio of 2.51 and a beta of 1.83. XPO, Inc. has a 1 year low of $110.78 and a 1 year high of $231.46. The business has a 50 day simple moving average of $207.31 and a 200-day simple moving average of $178.13. 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 (NYSE:XPO) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. The business 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 company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.73 EPS. Equities analysts forecast that XPO, Inc. will post 4.84 EPS for the current year.

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.