GAMMA Investing LLC Takes Position in XPO, Inc. (NYSE:XPO)

GAMMA Investing LLC bought a new position in shares of XPO, Inc. (NYSE:XPO) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 533 shares of the transportation company’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XPO. Duality Advisers LP grew its stake in shares of XPO by 20.4% during the 4th quarter. Duality Advisers LP now owns 42,782 shares of the transportation company’s stock worth $3,747,000 after purchasing an additional 7,238 shares during the period. CWM LLC increased its holdings in XPO by 25.2% in the fourth quarter. CWM LLC now owns 796 shares of the transportation company’s stock valued at $70,000 after buying an additional 160 shares in the last quarter. Calamos Advisors LLC increased its holdings in XPO by 779.3% in the fourth quarter. Calamos Advisors LLC now owns 27,821 shares of the transportation company’s stock valued at $2,437,000 after buying an additional 24,657 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of XPO by 10.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,228 shares of the transportation company’s stock worth $2,210,000 after acquiring an additional 2,422 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of XPO during the 4th quarter worth about $2,855,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Price Performance

Shares of XPO stock opened at $112.56 on Friday. The firm’s 50-day moving average is $120.99 and its two-hundred day moving average is $99.74. The company has a market capitalization of $13.09 billion, a PE ratio of 69.91, a price-to-earnings-growth ratio of 2.56 and a beta of 2.17. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. XPO, Inc. has a 12 month low of $45.24 and a 12 month high of $130.51.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. Analysts predict that XPO, Inc. will post 3.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on XPO shares. Morgan Stanley cut XPO from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $75.00 to $80.00 in a report on Monday, February 12th. Citigroup lifted their price target on shares of XPO from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Bank of America upped their price objective on shares of XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Barclays lifted their target price on shares of XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.65.

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.