XPO, Inc. (NYSE:XPO) is D1 Capital Partners L.P.'s 8th Largest Position

D1 Capital Partners L.P. reduced its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 56.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,033,838 shares of the transportation company's stock after selling 2,677,204 shares during the quarter. XPO accounts for 4.4% of D1 Capital Partners L.P.'s investment portfolio, making the stock its 8th biggest holding. D1 Capital Partners L.P. owned about 1.75% of XPO worth $266,738,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XPO. Capital Research Global Investors boosted its holdings in XPO by 18.5% in the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after purchasing an additional 2,125,686 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of XPO during the fourth quarter valued at about $231,667,000. Capital World Investors raised its position in XPO by 26.1% in the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after purchasing an additional 1,605,001 shares in the last quarter. Norges Bank acquired a new position in XPO in the fourth quarter worth about $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in XPO in the fourth quarter worth about $163,938,000. 97.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at XPO

In related news, COO David J. Bates acquired 1,880 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

XPO Trading Up 1.2 %

Shares of XPO stock traded up $1.19 during trading on Monday, hitting $97.61. The company's stock had a trading volume of 2,949,459 shares, compared to its average volume of 1,766,898. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The stock has a 50-day moving average price of $107.50 and a two-hundred day moving average price of $128.03.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. Equities research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has approved a share buyback program on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Susquehanna lowered their target price on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a research note on Monday, March 31st. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Thursday, March 6th. Truist Financial decreased their price objective on shares of XPO from $130.00 to $125.00 and set a "buy" rating for the company in a report on Thursday. Benchmark lifted their price target on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Oppenheimer decreased their price target on shares of XPO from $176.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $139.63.

XPO Company Profile

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.