XPO, Inc. (NYSE:XPO) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 58.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,422 shares of the transportation company's stock after selling 4,857 shares during the period. Dynamic Technology Lab Private Ltd's holdings in XPO were worth $449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of XPO by 57.3% in the 4th quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock worth $9,738,000 after purchasing an additional 27,034 shares during the period. Stifel Financial Corp boosted its stake in XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company's stock worth $7,569,000 after buying an additional 43,237 shares during the period. Neo Ivy Capital Management bought a new position in XPO during the third quarter valued at $534,000. Natixis Advisors LLC raised its stake in shares of XPO by 42.8% in the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock valued at $8,054,000 after acquiring an additional 18,398 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of XPO in the 4th quarter worth about $423,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

Insider Activity at XPO

In other news, COO David J. Bates purchased 1,880 shares of the company's stock in a transaction on Thursday, March 13th. The shares were acquired 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 owns 21,106 shares in the company, valued at $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

XPO Stock Up 2.5 %

XPO stock traded up $2.36 on Monday, hitting $96.14. 153,457 shares of the company's stock were exchanged, compared to its average volume of 1,608,168. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $11.32 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The firm has a 50 day moving average price of $117.09 and a two-hundred day moving average price of $128.78. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping 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 expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has authorized a stock buyback program on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy up to 5.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently commented on XPO shares. Benchmark upped their price target on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Stephens reiterated an "overweight" rating and issued a $171.00 price target on shares of XPO in a report on Wednesday, March 5th. Jefferies Financial Group dropped their price objective on XPO from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company reduced their target price on XPO from $170.00 to $130.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, UBS Group reduced their price target on shares of XPO from $170.00 to $108.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $140.16.

XPO 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.