Dark Forest Capital Management LP Cuts Stake in XPO, Inc. (NYSE:XPO)

Dark Forest Capital Management LP lessened its holdings in XPO, Inc. (NYSE:XPO) by 40.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,102 shares of the transportation company’s stock after selling 2,068 shares during the period. Dark Forest Capital Management LP’s holdings in XPO were worth $329,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XPO. Mather Group LLC. purchased a new position in XPO in the first quarter valued at $27,000. Blue Trust Inc. grew its position in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after buying an additional 258 shares in the last quarter. Quest Partners LLC acquired a new position in shares of XPO during the second quarter worth about $28,000. Riverview Trust Co purchased a new stake in shares of XPO during the first quarter worth approximately $31,000. Finally, ORG Partners LLC acquired a new stake in XPO in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

Shares of XPO opened at $111.53 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. XPO, Inc. has a fifty-two week low of $65.80 and a fifty-two week high of $130.51. The firm has a 50-day simple moving average of $113.12 and a 200-day simple moving average of $113.03. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 54.67, a price-to-earnings-growth ratio of 1.85 and a beta of 2.11.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share 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 company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that XPO, Inc. will post 3.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Susquehanna boosted their price target on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. dropped their target price on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and set a $140.00 price target on shares of XPO in a report on Thursday, September 19th. Stifel Nicolaus increased their price objective on XPO from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Bank of America decreased their target price on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.18.

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.