HighVista Strategies LLC Raises Stake in XPO, Inc. (NYSE:XPO)

HighVista Strategies LLC lifted its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 47.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,680 shares of the transportation company's stock after buying an additional 12,200 shares during the quarter. XPO makes up 1.4% of HighVista Strategies LLC's holdings, making the stock its 11th largest holding. HighVista Strategies LLC's holdings in XPO were worth $4,051,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XPO. ORG Wealth Partners LLC purchased a new position in shares of XPO in the third quarter worth $25,000. Blue Trust Inc. lifted its stake in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock worth $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC bought a new position in shares of XPO during the 2nd quarter valued at about $28,000. International Assets Investment Management LLC purchased a new position in shares of XPO during the second quarter valued at about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of XPO in the second quarter worth about $37,000. Institutional investors own 97.73% of the company's stock.

XPO Stock Down 0.8 %

Shares of XPO traded down $1.17 during midday trading on Tuesday, hitting $153.36. 1,495,234 shares of the company's stock traded hands, compared to its average volume of 1,461,411. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $17.85 billion, a price-to-earnings ratio of 49.55, a price-to-earnings-growth ratio of 2.32 and a beta of 2.08. XPO, Inc. has a 1 year low of $78.72 and a 1 year high of $156.85. The firm's fifty day moving average is $128.55 and its 200-day moving average is $116.50.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion for 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 company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. As a group, sell-side analysts anticipate that XPO, Inc. will post 3.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

XPO has been the subject of several research analyst reports. Barclays raised their price target on XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Stephens restated an "overweight" rating and issued a $150.00 price target on shares of XPO in a research report on Thursday, September 5th. TD Cowen increased their price objective on shares of XPO from $137.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Oppenheimer restated an "outperform" rating and issued a $140.00 target price on shares of XPO in a report on Friday, October 4th. Finally, The Goldman Sachs Group decreased their price target on XPO from $139.00 to $136.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.