Forest Avenue Capital Management LP Has $38.30 Million Holdings in XPO, Inc. (NYSE:XPO)

Forest Avenue Capital Management LP boosted its holdings in XPO, Inc. (NYSE:XPO) by 22.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 356,211 shares of the transportation company’s stock after acquiring an additional 65,742 shares during the quarter. XPO comprises about 4.6% of Forest Avenue Capital Management LP’s investment portfolio, making the stock its 10th biggest holding. Forest Avenue Capital Management LP’s holdings in XPO were worth $38,296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of XPO in the 3rd quarter worth approximately $25,000. Blue Trust Inc. increased its holdings in shares of XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after buying an additional 258 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of XPO during the 2nd quarter valued at $28,000. International Assets Investment Management LLC bought a new stake in shares of XPO during the 2nd quarter worth $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of XPO in the 2nd quarter worth $37,000. 97.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XPO has been the subject of a number of recent analyst reports. TD Cowen increased their price target on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their target price on shares of XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Stephens restated an “overweight” rating and issued a $150.00 price target on shares of XPO in a research report on Thursday, September 5th. JPMorgan Chase & Co. lowered their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Friday, September 6th. Finally, Susquehanna increased their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Trading Down 0.2 %

Shares of NYSE XPO opened at $151.29 on Wednesday. The business has a 50 day simple moving average of $125.45 and a 200 day simple moving average of $115.38. XPO, Inc. has a 52 week low of $78.72 and a 52 week high of $156.85. The stock has a market cap of $17.61 billion, a price-to-earnings ratio of 48.96, a PEG ratio of 2.28 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts predict that XPO, Inc. will post 3.62 earnings per share for the current fiscal 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.