Seven Eight Capital LP Invests $1.94 Million in XPO, Inc. (NYSE:XPO)

Seven Eight Capital LP bought a new stake in XPO, Inc. (NYSE:XPO) during the first quarter, according to its most recent filing with the SEC. The firm bought 15,923 shares of the transportation company’s stock, valued at approximately $1,943,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in XPO by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 10,923,106 shares of the transportation company’s stock valued at $956,755,000 after purchasing an additional 128,214 shares during the period. Capital Research Global Investors increased its stake in XPO by 49.9% during the fourth quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock valued at $813,824,000 after acquiring an additional 3,094,390 shares during the period. Capital World Investors raised its holdings in XPO by 13.1% in the 4th quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock valued at $380,945,000 after acquiring an additional 503,388 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of XPO by 44.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,515,529 shares of the transportation company’s stock worth $132,745,000 after acquiring an additional 463,267 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of XPO by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock worth $128,603,000 after purchasing an additional 67,797 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Insider Activity

In other XPO news, Director Allison Landry sold 1,875 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the transaction, the director now owns 6,965 shares in the company, valued at $727,981.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of XPO stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the transaction, the insider now directly owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Allison Landry sold 1,875 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total transaction of $195,975.00. Following the completion of the sale, the director now owns 6,965 shares of the company’s stock, valued at approximately $727,981.80. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

XPO has been the subject of a number of recent research reports. Raymond James cut their target price on XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. Oppenheimer upped their price target on XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Susquehanna cut their price objective on XPO from $160.00 to $145.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and upped their target price for the stock from $115.00 to $120.00 in a report on Friday, May 24th. Finally, Evercore ISI dropped their target price on shares of XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $120.45.

XPO Trading Down 1.7 %

NYSE:XPO traded down $1.88 on Tuesday, hitting $111.44. 1,316,708 shares of the stock were exchanged, compared to its average volume of 1,449,657. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.94 and a current ratio of 0.94. XPO, Inc. has a 52 week low of $63.52 and a 52 week high of $130.51. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 54.63, a P/E/G ratio of 1.62 and a beta of 2.10. The company’s 50-day moving average price is $107.27 and its 200 day moving average price is $109.99.

XPO (NYSE:XPO) last posted its quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. XPO had a net margin of 3.08% and a return on equity of 30.77%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. XPO’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts forecast that XPO, Inc. will post 3.57 earnings per share for the current year.

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.