Ostrum Asset Management Purchases 5,125 Shares of XPO, Inc. (NYSE:XPO)

Ostrum Asset Management grew its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 130.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,045 shares of the transportation company's stock after acquiring an additional 5,125 shares during the period. Ostrum Asset Management's holdings in XPO were worth $1,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Argent Trust Co raised its stake in XPO by 1.9% during the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock valued at $517,000 after buying an additional 75 shares in the last quarter. Larson Financial Group LLC increased its stake in XPO by 25.6% during the fourth 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 during the last quarter. UMB Bank n.a. raised its holdings in shares of XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after purchasing an additional 86 shares during the period. SageView Advisory Group LLC boosted its holdings in shares of XPO by 2.1% in the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock valued at $607,000 after buying an additional 96 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in XPO by 1.3% during the fourth quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock worth $1,044,000 after acquiring an additional 100 shares during the period. Institutional investors own 97.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Susquehanna decreased their price objective on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a report on Monday, March 31st. Oppenheimer lowered their price target on XPO from $176.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Benchmark upped their price objective on shares of XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Stephens restated an "overweight" rating and set a $171.00 price target on shares of XPO in a research report on Wednesday, March 5th. Finally, Raymond James reduced their price target on shares of XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO presently has a consensus rating of "Buy" and a consensus price target of $139.63.

XPO Stock Performance

XPO stock traded down $7.45 during trading on Friday, reaching $96.27. 3,937,131 shares of the stock were exchanged, compared to its average volume of 1,624,962. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $11.34 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The stock has a 50 day simple moving average of $108.46 and a 200-day simple moving average of $127.86.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data 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, sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced 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 outstanding shares. This repurchase authorization permits the transportation company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Transactions at XPO

In related news, COO David J. Bates purchased 1,880 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

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.