Jag Capital Management LLC Buys 88,037 Shares of XPO, Inc. (NYSE:XPO)

Jag Capital Management LLC lifted its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 3,637.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,457 shares of the transportation company's stock after acquiring an additional 88,037 shares during the period. Jag Capital Management LLC owned approximately 0.08% of XPO worth $9,725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC raised its holdings in shares of XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company's stock valued at $210,000 after purchasing an additional 103 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in XPO by 9.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company's stock valued at $150,000 after buying an additional 126 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of XPO by 6.4% during the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company's stock valued at $256,000 after buying an additional 142 shares during the period. Resources Management Corp CT ADV boosted its stake in shares of 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 buying an additional 145 shares during the last quarter. Finally, PFG Investments LLC grew its holdings in shares of XPO by 4.3% in the third quarter. PFG Investments LLC now owns 3,482 shares of the transportation company's stock worth $374,000 after acquiring an additional 145 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Price Performance

XPO stock traded up $2.95 during mid-day trading on Monday, hitting $155.18. The company had a trading volume of 1,383,697 shares, compared to its average volume of 1,489,109. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of 50.50, a P/E/G ratio of 2.38 and a beta of 2.07. The company has a 50-day moving average price of $115.43 and a 200 day moving average price of $112.18. 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 12-month low of $78.72 and a 12-month high of $156.85.

XPO (NYSE:XPO - Get Free Report) last announced 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. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The firm's revenue was up 3.7% on a year-over-year basis. On average, research analysts anticipate that XPO, Inc. will post 3.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Evercore ISI lowered their target price on XPO from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, October 3rd. TD Cowen increased their price objective on shares of XPO from $137.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. The Goldman Sachs Group dropped their price target on shares of XPO from $139.00 to $136.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Barclays upped their price objective on XPO from $145.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Finally, Susquehanna boosted 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. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $138.38.

XPO 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.