XPO, Inc. (NYSE:XPO) Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP lessened its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 80.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,250 shares of the transportation company's stock after selling 41,906 shares during the quarter. Cinctive Capital Management LP's holdings in XPO were worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in shares of XPO in the fourth quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of XPO during the 4th quarter worth $42,000. Cullen Frost Bankers Inc. grew its stake in shares of XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC increased its holdings in shares of XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after purchasing an additional 76 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after purchasing an additional 86 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on XPO shares. Stephens restated an "overweight" rating and set a $171.00 target price on shares of XPO in a research report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on XPO from $170.00 to $130.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Stifel Nicolaus upgraded XPO from a "hold" rating to a "buy" rating and set a $147.00 target price on the stock in a research report on Monday, February 24th. Bank of America dropped their price target on XPO from $150.00 to $131.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, Benchmark boosted their price objective on shares of XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $140.16.

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XPO Trading Down 4.2 %

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 stock's fifty day moving average is $119.67 and its 200 day moving average is $129.14. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.79 and a beta of 2.05.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its Board of Directors has approved a stock buyback program on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, COO David J. Bates acquired 1,880 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by insiders.

About XPO

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.