Holocene Advisors LP Purchases 259,727 Shares of XPO, Inc. (NYSE:XPO)

Holocene Advisors LP increased its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 61.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 683,931 shares of the transportation company's stock after buying an additional 259,727 shares during the period. Holocene Advisors LP owned 0.59% of XPO worth $73,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in XPO. Traynor Capital Management Inc. boosted its holdings in XPO by 125.2% in the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company's stock valued at $2,596,000 after acquiring an additional 13,422 shares during the last quarter. PCJ Investment Counsel Ltd. increased its holdings in XPO by 36.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company's stock worth $4,344,000 after acquiring an additional 10,740 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in XPO in the 3rd quarter worth about $706,000. Westwood Holdings Group Inc. increased its position in shares of XPO by 38.6% during the second quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company's stock valued at $21,782,000 after buying an additional 57,192 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of XPO by 595.5% in the second quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company's stock worth $2,718,000 after purchasing an additional 21,889 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on XPO shares. Oppenheimer reissued an "outperform" rating and set a $140.00 price objective on shares of XPO in a research note on Friday, October 4th. Stephens restated an "overweight" rating and set a $150.00 price target on shares of XPO in a report on Thursday, September 5th. Wells Fargo & Company increased their price objective on XPO from $119.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. TD Cowen lifted their price objective on XPO from $137.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on XPO from $147.00 to $143.00 and set an "overweight" rating on the stock in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, XPO currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.13.

XPO Stock Performance

XPO stock traded down $1.41 during midday trading on Tuesday, reaching $153.12. The company had a trading volume of 826,626 shares, compared to its average volume of 1,457,907. The stock has a 50 day moving average price of $128.55 and a 200 day moving average price of $116.50. The firm has a market capitalization of $17.82 billion, a PE ratio of 50.04, a P/E/G ratio of 2.29 and a beta of 2.08. The company has a quick ratio of 1.06, a current 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.

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

XPO Company Profile

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.