Sanctuary Advisors LLC Buys Shares of 4,834 XPO, Inc. $XPO

Sanctuary Advisors LLC purchased a new position in shares of XPO, Inc. (NYSE:XPO) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,834 shares of the transportation company’s stock, valued at approximately $992,000.

Several other hedge funds also recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of XPO in the second quarter valued at approximately $610,000. Bank of Nova Scotia acquired a new position in XPO during the second quarter worth $926,000. Daiichi Life Insurance Co. Ltd. acquired a new position in XPO during the second quarter worth $946,000. Commerce Bank bought a new position in XPO in the second quarter valued at $583,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in XPO in the second quarter valued at $1,214,000. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

Shares of XPO opened at $191.76 on Friday. The firm has a 50-day moving average of $204.21 and a 200-day moving average of $205.47. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The company has a market cap of $22.45 billion, a PE ratio of 56.57, a price-to-earnings-growth ratio of 1.95 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the business earned $1.05 EPS. XPO’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, equities analysts forecast that XPO, Inc. will post 5.44 earnings per share for the current year.

Insiders Place Their Bets

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares of the company’s stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XPO. Stifel Nicolaus lifted their price target on shares of XPO from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Truist Financial set a $240.00 price objective on shares of XPO in a research note on Friday, May 1st. Barclays raised their price objective on XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Oppenheimer lifted their target price on XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. upped their target price on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $225.86.

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.