Virtu Financial LLC Has $1.78 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

Virtu Financial LLC raised its stake in shares of XPO, Inc. (NYSE:XPO) by 144.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,575 shares of the transportation company’s stock after purchasing an additional 8,622 shares during the period. Virtu Financial LLC’s holdings in XPO were worth $1,778,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XPO. Norges Bank acquired a new stake in shares of XPO in the fourth quarter worth $79,592,000. CenterBook Partners LP acquired a new stake in shares of XPO in the 4th quarter valued at $779,000. Dimensional Fund Advisors LP raised its holdings in shares of XPO by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock valued at $128,603,000 after buying an additional 67,797 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of XPO by 4.1% in the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after buying an additional 1,712 shares during the last quarter. Finally, Empirical Capital Management LLC bought a new position in shares of XPO in the fourth quarter valued at about $4,380,000. 97.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XPO has been the subject of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $150.00 price target on shares of XPO in a report on Friday, June 7th. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and lifted their price target for the company from $115.00 to $120.00 in a report on Friday, May 24th. Wells Fargo & Company started coverage on XPO in a report on Friday, June 7th. They set an “overweight” rating and a $125.00 price objective for the company. Evercore ISI dropped their price objective on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, Susquehanna dropped their price objective on XPO from $160.00 to $145.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average target price of $122.68.

Insiders Place Their Bets

In other news, Director Allison Landry sold 1,875 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the sale, the director now owns 6,965 shares in the company, valued at approximately $727,981.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the sale, the insider now directly owns 11,425,369 shares of the company’s stock, valued at approximately $1,290,838,189.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Allison Landry sold 1,875 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total value of $195,975.00. Following the sale, the director now directly owns 6,965 shares in the company, valued at $727,981.80. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

XPO Stock Down 4.4 %

Shares of XPO traded down $5.12 on Friday, hitting $110.67. The company’s stock had a trading volume of 3,225,637 shares, compared to its average volume of 1,493,091. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.49. The firm’s fifty day moving average price is $107.72 and its 200-day moving average price is $111.20. XPO, Inc. has a fifty-two week low of $65.80 and a fifty-two week high of $130.51. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 52.65, a P/E/G ratio of 1.82 and a beta of 2.10.

XPO (NYSE:XPO) last released its quarterly earnings results 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 30.77% and a net margin of 3.08%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts expect that XPO, Inc. will post 3.54 EPS for the current year.

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.