D1 Capital Partners L.P. Takes $271.53 Million Position in XPO, Inc. (NYSE:XPO)

D1 Capital Partners L.P. acquired a new position in shares of XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,558,000 shares of the transportation company’s stock, valued at approximately $271,532,000. XPO accounts for approximately 4.6% of D1 Capital Partners L.P.’s holdings, making the stock its 5th biggest holding. D1 Capital Partners L.P. owned about 2.20% of XPO at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of XPO. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 128,214 shares in the last quarter. Capital Research Global Investors increased its stake in XPO by 9.8% in the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock valued at $1,245,131,000 after purchasing an additional 912,544 shares in the last quarter. Capital World Investors raised its holdings in shares of XPO by 3.3% during the first quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock valued at $548,170,000 after purchasing an additional 142,908 shares during the period. Clearbridge Investments LLC boosted its position in shares of XPO by 33.4% during the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock worth $272,699,000 after purchasing an additional 560,079 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake 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 valued at $132,745,000 after buying an additional 463,267 shares during the period. Institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stephens reaffirmed an “overweight” rating and set a $150.00 price target on shares of XPO in a research note on Thursday, September 5th. Evercore ISI reduced their price target 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. Bank of America decreased their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. TD Cowen dropped their price objective on shares of XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Stifel Nicolaus boosted their target price on shares of XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.18.

XPO Stock Down 2.4 %

Shares of NYSE XPO opened at $112.50 on Monday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $13.09 billion, a PE ratio of 55.15, a P/E/G ratio of 1.76 and a beta of 2.11. XPO, Inc. has a one year low of $65.80 and a one year high of $130.51. The business’s fifty day moving average price is $113.22 and its 200-day moving average price is $113.26.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.01 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, equities research analysts anticipate that XPO, Inc. will post 3.6 EPS for the current year.

XPO Company 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.