XPO, Inc. (NYSE:XPO) Short Interest Down 21.1% in February

XPO, Inc. (NYSE:XPO) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 7,122,520 shares, a decrease of 21.1% from the January 29th total of 9,032,043 shares. Currently, 6.2% of the shares of the company are sold short. Based on an average daily volume of 3,673,801 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily volume of 3,673,801 shares, the days-to-cover ratio is currently 1.9 days. Currently, 6.2% of the shares of the company are sold short.

XPO Stock Up 2.4%

XPO stock opened at $210.12 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. The firm’s fifty day moving average is $165.74 and its 200 day moving average is $145.15. The company has a market capitalization of $24.62 billion, a PE ratio of 79.29, a PEG ratio of 2.76 and a beta of 1.93. XPO has a 12-month low of $85.06 and a 12-month high of $212.71.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. As a group, sell-side analysts predict that XPO will post 4.15 EPS for the current fiscal year.

Institutional Trading of XPO

A number of hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in XPO by 306.9% during the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock valued at $660,679,000 after acquiring an additional 3,945,683 shares during the period. Durable Capital Partners LP grew its position in shares of XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares in the last quarter. Norges Bank bought a new stake in shares of XPO during the 4th quarter valued at $204,304,000. Bessemer Group Inc. lifted its holdings in XPO by 228,761.0% during the 4th quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after purchasing an additional 1,120,929 shares in the last quarter. Finally, Capital World Investors boosted its stake in XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after purchasing an additional 735,450 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on XPO shares. Rothschild & Co Redburn set a $156.00 target price on XPO in a research note on Wednesday, November 26th. Wall Street Zen raised shares of XPO from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. BMO Capital Markets set a $230.00 target price on shares of XPO in a research report on Thursday, February 19th. Truist Financial lifted their price target on XPO from $160.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $95.00 price objective on shares of XPO in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.32.

About XPO

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.