Maple Rock Capital Partners Inc. Has $72.41 Million Holdings in XPO, Inc. $XPO

Maple Rock Capital Partners Inc. lifted its holdings in shares of XPO, Inc. (NYSE:XPO) by 10.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 352,702 shares of the transportation company’s stock after purchasing an additional 32,460 shares during the quarter. XPO accounts for 1.4% of Maple Rock Capital Partners Inc.’s holdings, making the stock its 21st largest position. Maple Rock Capital Partners Inc. owned 0.30% of XPO worth $72,406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XPO. Elyxium Wealth LLC acquired a new stake in XPO during the fourth quarter worth approximately $28,000. Keating Financial Advisory Services Inc. acquired a new position in XPO in the 2nd quarter valued at $32,000. Transamerica Financial Advisors LLC acquired a new position in XPO in the 2nd quarter valued at $32,000. Horizon Investments LLC bought a new stake in shares of XPO during the 3rd quarter valued at $39,000. Finally, International Assets Investment Management LLC bought a new stake in shares of XPO during the 4th quarter valued at $41,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at XPO

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

XPO Trading Up 3.0%

Shares of XPO stock opened at $194.30 on Tuesday. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05. The stock’s fifty day moving average price is $203.86 and its two-hundred day moving average price is $205.30. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $22.75 billion, a PE ratio of 57.32, a P/E/G ratio of 1.91 and a beta of 1.85.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and set a $247.00 target price on shares of XPO in a report on Thursday, July 30th. BMO Capital Markets boosted their price target on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Citigroup cut their price objective on shares of XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. UBS Group increased their price objective on shares of XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of XPO from $208.00 to $210.00 and gave the company 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 assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently 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.