Calamos Advisors LLC Makes New $519,000 Investment in XPO, Inc. $XPO

Calamos Advisors LLC purchased a new position in shares of XPO, Inc. (NYSE:XPO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,017 shares of the transportation company’s stock, valued at approximately $519,000.

A number of other hedge funds have also recently modified their holdings of the company. Invesco Ltd. raised its stake in XPO by 306.9% during the second quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock worth $660,679,000 after purchasing an additional 3,945,683 shares during the period. Durable Capital Partners LP grew its stake in shares of XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after buying an additional 1,589,759 shares during the period. Norges Bank acquired a new stake in shares of XPO during the 2nd quarter worth approximately $168,840,000. Cooke & Bieler LP purchased a new stake in shares of XPO during the 2nd quarter valued at approximately $108,218,000. Finally, Orbis Allan Gray Ltd lifted its holdings in XPO by 16.8% in the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock valued at $397,820,000 after acquiring an additional 452,891 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

XPO has been the subject of several recent analyst reports. Bank of America raised their target price on XPO from $151.00 to $158.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. UBS Group raised their price objective on XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Barclays boosted their price objective on shares of XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Oppenheimer set a $154.00 target price on shares of XPO and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Truist Financial set a $145.00 price target on shares of XPO in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.67.

XPO Stock Performance

NYSE XPO opened at $135.97 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $15.96 billion, a P/E ratio of 48.91, a P/E/G ratio of 2.71 and a beta of 2.02. The stock has a 50-day moving average of $138.20 and a two-hundred day moving average of $132.38. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $155.08.

XPO (NYSE:XPO) last posted its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. As a group, analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.