SageView Advisory Group LLC Acquires New Stake in XPO, Inc. (NYSE:XPO)

SageView Advisory Group LLC acquired a new stake in XPO, Inc. (NYSE:XPO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,824 shares of the transportation company’s stock, valued at approximately $329,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of XPO in the fourth quarter worth about $79,592,000. CenterBook Partners LP acquired a new position in shares of XPO during the 4th quarter worth approximately $779,000. Dimensional Fund Advisors LP boosted 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 during the last quarter. Empirical Capital Management LLC purchased a new stake in shares of XPO in the fourth quarter valued at approximately $4,380,000. Finally, Boulder Hill Capital Management LP acquired a new stake in shares of XPO in the fourth quarter valued at approximately $692,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. TD Cowen upped their target price on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a report on Monday, May 6th. Bank of America raised their price objective on shares of XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Susquehanna decreased their target price on shares of XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a report on Wednesday, June 12th. Wells Fargo & Company initiated coverage on shares of XPO in a report on Friday, June 7th. They set an “overweight” rating and a $125.00 price target for the company. Finally, Stephens reiterated an “overweight” rating and issued a $150.00 price objective on shares of XPO in a report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.20.

XPO Stock Performance

NYSE:XPO opened at $103.32 on Thursday. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 50.65, a price-to-earnings-growth ratio of 1.46 and a beta of 2.09. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.49. XPO, Inc. has a 52 week low of $50.66 and a 52 week high of $130.51. The company has a fifty day simple moving average of $110.81 and a two-hundred day simple moving average of $106.37.

XPO (NYSE:XPO) last released its earnings results on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.68 by $0.13. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. XPO’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. As a group, equities analysts anticipate that XPO, Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Transactions at XPO

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

About XPO

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.