Atom Investors LP Purchases Shares of 25,666 XPO, Inc. (NYSE:XPO)

Atom Investors LP acquired a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 25,666 shares of the transportation company's stock, valued at approximately $2,759,000.

Other large investors also recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC increased its stake in XPO by 5.5% in the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company's stock valued at $210,000 after buying an additional 103 shares during the period. CIBC Asset Management Inc raised its holdings in shares of XPO by 3.6% during the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company's stock worth $359,000 after acquiring an additional 116 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in XPO by 9.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company's stock valued at $150,000 after purchasing an additional 126 shares during the last quarter. Stephens Inc. AR grew its stake in XPO by 6.4% in the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company's stock valued at $256,000 after purchasing an additional 142 shares in the last quarter. Finally, Resources Management Corp CT ADV increased its position in XPO by 1.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company's stock worth $805,000 after purchasing an additional 145 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Trading Down 1.5 %

NYSE:XPO traded down $2.25 during mid-day trading on Tuesday, hitting $152.28. 342,182 shares of the company's stock were exchanged, compared to its average volume of 1,456,297. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a fifty-two week low of $78.72 and a fifty-two week high of $156.85. The company has a 50 day simple moving average of $128.55 and a 200-day simple moving average of $116.50. The firm has a market capitalization of $17.73 billion, a P/E ratio of 50.04, a PEG ratio of 2.29 and a beta of 2.08.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business's revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS. As a group, research analysts expect that XPO, Inc. will post 3.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Susquehanna increased their price target on XPO from $145.00 to $160.00 and gave the company a "positive" rating in a report on Wednesday, September 18th. Barclays increased their price target on shares of XPO from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Citigroup lifted their price target on shares of XPO from $155.00 to $179.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their target price on XPO from $147.00 to $143.00 and set an "overweight" rating for the company in a research note on Friday, September 6th. Finally, Oppenheimer restated an "outperform" rating and set a $140.00 target price on shares of XPO in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $141.13.

About XPO

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.