D1 Capital Partners L.P. Boosts Stake in XPO, Inc. (NYSE:XPO)

D1 Capital Partners L.P. boosted its position in shares of XPO, Inc. (NYSE:XPO) by 84.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,711,042 shares of the transportation company’s stock after purchasing an additional 2,153,042 shares during the period. XPO accounts for approximately 9.8% of D1 Capital Partners L.P.’s portfolio, making the stock its 2nd largest holding. D1 Capital Partners L.P.’s holdings in XPO were worth $506,484,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Traynor Capital Management Inc. raised its stake in XPO by 125.2% during the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after acquiring an additional 13,422 shares in the last quarter. PCJ Investment Counsel Ltd. boosted its position in XPO by 36.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after buying an additional 10,740 shares in the last quarter. Whalen Wealth Management Inc. acquired a new position in shares of XPO during the third quarter worth $706,000. Westwood Holdings Group Inc. lifted its stake in shares of XPO by 38.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock valued at $21,782,000 after acquiring an additional 57,192 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of XPO by 595.5% during the 2nd quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock valued at $2,718,000 after acquiring an additional 21,889 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Trading Down 0.7 %

NYSE:XPO opened at $150.22 on Friday. XPO, Inc. has a 52 week low of $78.72 and a 52 week high of $156.85. The firm has a 50-day moving average price of $126.93 and a two-hundred day moving average price of $115.86. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 48.62, a price-to-earnings-growth ratio of 2.26 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 announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the firm posted $0.88 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Oppenheimer reissued an “outperform” rating and issued a $140.00 price target on shares of XPO in a research note on Friday, October 4th. The Goldman Sachs Group dropped their price target on shares of XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI decreased their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Susquehanna upped their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.13.

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.