Daiichi Life Insurance Co. Ltd. Acquires New Position in XPO, Inc. $XPO

Daiichi Life Insurance Co. Ltd. bought a new position in shares of XPO, Inc. (NYSE:XPO) during the second quarter, HoldingsChannel reports. The firm bought 4,608 shares of the transportation company’s stock, valued at approximately $946,000.

A number of other institutional investors have also made changes to their positions in XPO. BlackRock Inc. bought a new stake in XPO during the second quarter valued at $2,985,276,000. MFN Partners Management LP acquired a new position in shares of XPO in the 2nd quarter valued at about $2,026,148,865,000. Invesco Ltd. grew its position in shares of XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after buying an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP lifted its holdings in XPO by 20.5% in the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after acquiring an additional 736,224 shares during the last quarter. Finally, Orbis Allan Gray Ltd boosted its stake in XPO by 15.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after acquiring an additional 499,220 shares during the period. 97.73% of the stock is currently owned by institutional investors.

XPO Price Performance

Shares of NYSE XPO opened at $192.09 on Tuesday. The stock has a market cap of $22.49 billion, a P/E ratio of 56.66, a P/E/G ratio of 2.01 and a beta of 1.85. The firm’s 50-day simple moving average is $204.98 and its 200 day simple moving average is $205.41. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. XPO’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. Equities analysts expect that XPO, Inc. will post 5.44 EPS for the current year.

Insider Activity at XPO

In other news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. This represents a 10.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 7,400 shares of company stock worth $1,526,502. 0.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on XPO. Citizens Jmp began coverage on XPO in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Truist Financial set a $240.00 target price on XPO in a research report on Friday, May 1st. Oppenheimer boosted their price target on shares of XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Evercore upgraded shares of XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus price target of $225.86.

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.