440,686 Shares in XPO, Inc. (NYSE:XPO) Purchased by Natixis

Natixis purchased a new position in XPO, Inc. (NYSE:XPO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 440,686 shares of the transportation company's stock, valued at approximately $57,796,000. Natixis owned about 0.38% of XPO at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of XPO. LPL Financial LLC raised its holdings in shares of XPO by 57.3% during the 4th quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock valued at $9,738,000 after purchasing an additional 27,034 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of XPO by 40.0% in the fourth quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock worth $31,138,000 after buying an additional 67,800 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of XPO by 42.8% during the 4th 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. Exchange Traded Concepts LLC acquired a new position in shares of XPO during the 4th quarter valued at about $423,000. Finally, Invesco Ltd. raised its stake in shares of XPO by 29.6% in the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock valued at $244,369,000 after acquiring an additional 425,678 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on XPO. Stifel Nicolaus lowered their price target on XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a report on Friday, March 7th. They set a "buy" rating and a $156.00 price target for the company. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a research note on Thursday, March 6th. Benchmark boosted their price objective on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group lowered their target price on XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $139.63.

Insiders Place Their Bets

In related news, COO David J. Bates acquired 1,880 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company's stock.

XPO Price Performance

XPO stock traded up $2.73 during midday trading on Thursday, reaching $102.69. 991,580 shares of the company's stock traded hands, compared to its average volume of 1,618,262. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 1.79 and a beta of 2.05. The company has a 50-day simple moving average of $109.30 and a two-hundred day simple moving average of $127.87.

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 net margin of 4.81% and a return on equity of 30.36%. On average, analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its board has initiated a share 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 reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

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.