XPO, Inc. (NYSE:XPO) Shares Purchased by Forest Avenue Capital Management LP

Forest Avenue Capital Management LP raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 31.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,469 shares of the transportation company’s stock after buying an additional 68,869 shares during the period. XPO comprises 4.3% of Forest Avenue Capital Management LP’s investment portfolio, making the stock its 13th largest position. Forest Avenue Capital Management LP owned 0.25% of XPO worth $30,833,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of XPO. Vanguard Group Inc. boosted its position in XPO by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 10,923,106 shares of the transportation company’s stock worth $956,755,000 after purchasing an additional 128,214 shares during the period. Capital Research Global Investors lifted its stake in shares of XPO by 9.8% during the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock worth $1,245,131,000 after purchasing an additional 912,544 shares in the last quarter. Capital World Investors boosted its position in shares of XPO by 3.3% in the first quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock worth $548,170,000 after buying an additional 142,908 shares during the period. Clearbridge Investments LLC grew its stake in shares of XPO by 33.4% in the first quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock valued at $272,699,000 after buying an additional 560,079 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of XPO by 44.0% during 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. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Performance

Shares of XPO stock opened at $112.58 on Friday. The company has a market cap of $13.10 billion, a P/E ratio of 55.19, a PEG ratio of 1.76 and a beta of 2.11. The business has a 50 day moving average of $113.22 and a two-hundred day moving average of $113.42. XPO, Inc. has a 52 week low of $65.80 and a 52 week high of $130.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James lowered their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. Susquehanna raised their price target on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of XPO in a report on Thursday. TD Cowen decreased their price objective on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Bank of America dropped their target price on XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Two investment 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.18.

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.