Bryce Point Capital LLC purchased a new position in XPO, Inc. (NYSE:XPO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,811 shares of the transportation company's stock, valued at approximately $500,000.
Several other hedge funds also recently modified their holdings of the company. LPL Financial LLC raised its position in XPO by 57.3% during the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock valued at $9,738,000 after buying an additional 27,034 shares during the period. Stifel Financial Corp raised its position in shares of XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company's stock valued at $7,569,000 after buying an additional 43,237 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of XPO during the 3rd quarter valued at about $534,000. Natixis Advisors LLC raised its stake in XPO by 42.8% during the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock worth $8,054,000 after acquiring an additional 18,398 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in XPO during the 4th quarter worth approximately $423,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, COO David J. Bates purchased 1,880 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by corporate insiders.
XPO Stock Performance
Shares of XPO stock traded down $3.84 during trading on Wednesday, hitting $87.62. The company's stock had a trading volume of 428,757 shares, compared to its average volume of 1,575,146. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $10.27 billion, a PE ratio of 27.10, a P/E/G ratio of 1.79 and a beta of 2.05. The business has a fifty day moving average of $119.67 and a 200-day moving average of $129.14. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00.
XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.
XPO announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research note on Friday, March 7th. They set a "buy" rating and a $156.00 price objective for the company. Oppenheimer dropped their target price on shares of XPO from $176.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Truist Financial initiated coverage on shares of XPO in a research report on Thursday, March 13th. They set a "buy" rating and a $130.00 price objective for the company. Benchmark increased their price objective on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Susquehanna cut their price target on shares of XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research report on Monday, March 31st. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $140.16.
Check Out Our Latest Stock Report on XPO
About XPO
(
Free Report)
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.
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