Kennedy Capital Management LLC Sells 7,787 Shares of XPO, Inc. (NYSE:XPO)

Kennedy Capital Management LLC decreased its position in XPO, Inc. (NYSE:XPO - Free Report) by 39.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,128 shares of the transportation company's stock after selling 7,787 shares during the period. Kennedy Capital Management LLC's holdings in XPO were worth $1,591,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of XPO by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company's stock valued at $1,447,231,000 after purchasing an additional 79,393 shares during the period. FMR LLC boosted its holdings in shares of XPO by 3.6% during the 4th quarter. FMR LLC now owns 2,606,265 shares of the transportation company's stock worth $341,812,000 after buying an additional 91,252 shares in the last quarter. Invesco Ltd. grew its position in shares of XPO by 29.6% during the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock worth $244,369,000 after buying an additional 425,678 shares during the period. Norges Bank bought a new stake in shares of XPO in the 4th quarter valued at $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of XPO during the 4th quarter valued at $163,938,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on XPO shares. Jefferies Financial Group dropped their price objective on shares of XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Susquehanna dropped their price target on XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research note on Monday, March 31st. Oppenheimer reduced their price objective on XPO from $176.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. UBS Group lowered their target price on XPO from $170.00 to $108.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Stephens reissued an "overweight" rating and issued a $171.00 price target on shares of XPO in a research report on Wednesday, March 5th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, XPO has a consensus rating of "Buy" and a consensus target price of $139.89.

Insider Activity at XPO

In related news, COO David J. Bates purchased 1,880 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, 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 acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

XPO Stock Performance

Shares of NYSE:XPO traded up $3.18 during midday trading on Friday, reaching $96.67. The company had a trading volume of 1,028,658 shares, compared to its average volume of 1,612,006. The stock has a market cap of $11.39 billion, a P/E ratio of 29.93, a P/E/G ratio of 1.79 and a beta of 2.05. The company's 50 day moving average price is $113.20 and its 200 day moving average price is $128.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. 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 issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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, sell-side 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 stock buyback plan on Thursday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

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.