XPOXPO
Market Cap: $11.8B
About: Following the spinoff of its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving closer to becoming a pure-play asset-based less-than-truckload carrier. On a pro forma basis for the RXO spinoff, We estimate LTL shipping now makes up 60% of total revenue, with XPO's European truckload and LTL operations making up 40%. However, XPO's LTL segment EBITDA mix is much higher than 60%. We believe XPO intends to divest its European trucking division once it finds the right buyer.
Employees: 38,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
11% more call options, than puts
Call options by funds: $245M | Put options by funds: $221M
5% more repeat investments, than reductions
Existing positions increased: 174 | Existing positions reduced: 165
0.49% more ownership
Funds ownership: 96.19% [Q1] → 96.68% (+0.49%) [Q2]
3% less funds holding
Funds holding: 518 [Q1] → 500 (-18) [Q2]
12% less capital invested
Capital invested by funds: $13.6B [Q1] → $11.9B (-$1.68B) [Q2]
22% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 81
44% less funds holding in top 10
Funds holding in top 10: 18 [Q1] → 10 (-8) [Q2]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
JP Morgan Brian Ossenbeck 50% 1-year accuracy 23 / 46 met price target | 41%upside $143 | Overweight Maintained | 6 Sept 2024 |
TD Cowen Jason Seidl 53% 1-year accuracy 9 / 17 met price target | 40%upside $142 | Buy Maintained | 5 Sept 2024 |
Stephens & Co. Daniel Imbro 68% 1-year accuracy 13 / 19 met price target | 47%upside $150 | Overweight Reiterated | 5 Sept 2024 |
Wells Fargo Christian Wetherbee 68% 1-year accuracy 19 / 28 met price target | 17%upside $119 | Overweight Maintained | 5 Sept 2024 |
Stifel J. Bruce Chan 53% 1-year accuracy 18 / 34 met price target | 23%upside $125 | Buy Maintained | 5 Aug 2024 |
Financial journalist opinion
Based on 5 articles about XPO published over the past 30 days