Is XPO Logistics (XPO) A Good Investment Choice?

ClearBridge Investments, an investment management firm, published its “Mid Cap Growth Strategy” third quarter 2021 investor letter – a copy of which can be downloaded here. During the third quarter, the ClearBridge Mid Cap Growth Strategy outperformed the benchmark Russell Midcap Growth Index. On an absolute basis, the Strategy had gains across seven of the 10 sectors in which it was invested during the quarter (out of 11 sectors total), with the IT and health care sectors the leading contributors. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

ClearBridge Mid Cap Growth Strategy, in its Q3 2021 investor letter, mentioned XPO Logistics, Inc. (NYSE: XPO) and discussed its stance on the firm. XPO Logistics, Inc. is a Greenwich, Connecticut-based freight transportation company with an $8.3 billion market capitalization. XPO delivered a -6.02% return since the beginning of the year, while its 12-month returns are up by 1.42%. The stock closed at $72.77 per share on January 05, 2022.

Here is what ClearBridge Mid Cap Growth Strategy has to say about XPO Logistics, Inc.  in its Q3 2021 investor letter:

“The Strategy also gained shares of GXO Logistics following its spinoff from existing holding XPO Logistics. GXO is the largest pure play contract logistics company globally, handling warehousing/distribution, order fulfillment and e-commerce, but its value had been hidden as one of five divisions inside parent XPO.”

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Based on our calculations, XPO Logistics, Inc. (NYSE: XPO) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. XPO was in 49 hedge fund portfolios at the end of the third quarter of 2021, compared to 57 funds in the previous quarter. XPO Logistics, Inc. (NYSE: XPO) delivered a -8.36% return in the past 3 months.

In November 2021, we published an article that includes XPO  in the 10 New Stock Picks of Billionaire Ray Dalio. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.