XPO (XPO)

• Market cap: $16B
• 1 day: -0.69%
• 5 days: 3.91%
• 1 month: -12.89%
• 3 months: 20.40%
• 6 months: 20.56%
• Year to date: 3.83%
• 1 year: 69.37%
• 5 years: 45.37%
• 10 years: 279.22%
• Sector: Industrials
• Industry: Transportation Services

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 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 52

10% more funds holding in top 10

Funds holding in top 10: 10 [Q2] → 11 (+1) [Q3]

4% more funds holding

Funds holding: 502 [Q2] → 522 (+20) [Q3]

1.99% more ownership

Funds ownership: 97.86% [Q2] → 99.86% (+1.99%) [Q3]

3% more capital invested

Capital invested by funds: $12.1B [Q2] → $12.5B (+$402M) [Q3]

6% less repeat investments, than reductions

Existing positions increased: 162 | Existing positions reduced: 173

12% less call options, than puts

Call options by funds: $151M | Put options by funds: $171M

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $124 10% downside
• Avg. target: $161 17% upside
• High target: $179 30% upside

12 analyst ratings

• positive: 10 83%
• neutral: 2 17%
• negative: 0 0%

Barclays Brandon Oglenski 50% 1-year accuracy 34 / 68 met price target	20% upside $165	Overweight Maintained	17 Jan 2025
Stifel J. Bruce Chan 46% 1-year accuracy 12 / 26 met price target	10% downside $124	Hold Downgraded	15 Jan 2025
Benchmark Christopher Kuhn 78% 1-year accuracy 45 / 58 met price target	13% upside $155	Buy Maintained	15 Jan 2025
Jefferies Stephanie Moore 67% 1-year accuracy 20 / 30 met price target	20% upside $165	Buy Maintained	10 Jan 2025
Wells Fargo Christian Wetherbee 49% 1-year accuracy 20 / 41 met price target	24% upside $170	Overweight Maintained	7 Jan 2025