XPO, Inc. (NYSE:XPO) is D1 Capital Partners L.P.'s 2nd Largest Position

D1 Capital Partners L.P. raised its position in XPO, Inc. (NYSE:XPO - Free Report) by 84.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,711,042 shares of the transportation company's stock after acquiring an additional 2,153,042 shares during the quarter. XPO makes up approximately 9.8% of D1 Capital Partners L.P.'s portfolio, making the stock its 2nd biggest position. D1 Capital Partners L.P. owned 4.05% of XPO worth $506,484,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of XPO by 1.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,534 shares of the transportation company's stock valued at $2,745,000 after acquiring an additional 381 shares in the last quarter. Forest Avenue Capital Management LP increased its holdings in XPO by 22.6% during the 3rd quarter. Forest Avenue Capital Management LP now owns 356,211 shares of the transportation company's stock worth $38,296,000 after purchasing an additional 65,742 shares during the period. Townsquare Capital LLC acquired a new stake in XPO in the 3rd quarter valued at about $232,000. BNP Paribas Financial Markets boosted its stake in shares of XPO by 25.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company's stock valued at $2,972,000 after buying an additional 5,680 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of XPO during the third quarter worth about $57,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on XPO shares. Benchmark reaffirmed a "buy" rating and issued a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Barclays lifted their price objective 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 increased their target price on XPO from $155.00 to $179.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. The Goldman Sachs Group decreased their price target on XPO from $139.00 to $136.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Finally, Wells Fargo & Company upped their price objective on XPO from $119.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $141.13.

XPO Stock Performance

XPO stock traded up $2.19 on Friday, hitting $152.41. The company's stock had a trading volume of 494,446 shares, compared to its average volume of 1,461,033. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 48.62, a price-to-earnings-growth ratio of 2.26 and a beta of 2.07. The firm has a 50 day moving average of $126.93 and a two-hundred day moving average of $115.86. 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 1 year low of $78.72 and a 1 year high of $156.85.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Equities analysts predict that XPO, Inc. will post 3.62 EPS for the current fiscal year.

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.