Tower Research Capital LLC TRC Sells 3,677 Shares of XPO, Inc. (NYSE:XPO)

Tower Research Capital LLC TRC lessened its stake in XPO, Inc. (NYSE:XPO - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,339 shares of the transportation company's stock after selling 3,677 shares during the quarter. Tower Research Capital LLC TRC's holdings in XPO were worth $963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC grew its position 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 valued at $9,738,000 after acquiring an additional 27,034 shares during the period. Renaissance Technologies LLC grew its holdings in XPO by 40.0% during the fourth quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock worth $31,138,000 after purchasing an additional 67,800 shares during the period. Natixis Advisors LLC raised its stake in 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 buying an additional 18,398 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of XPO in the fourth quarter valued at approximately $423,000. Finally, Invesco Ltd. boosted its stake 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 acquiring an additional 425,678 shares during the period. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

Shares of XPO stock traded down $0.22 during midday trading on Tuesday, hitting $97.31. 3,122,980 shares of the company traded hands, compared to its average volume of 1,624,272. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. 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 $11.46 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 1.79 and a beta of 2.05. The firm's fifty day moving average price is $106.70 and its 200-day moving average price is $127.90.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data 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 return on equity of 30.36% and a net margin of 4.81%. As a group, sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its board has authorized a stock repurchase plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes 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 leadership believes its stock is undervalued.

Insider Activity

In other XPO news, COO David J. Bates acquired 1,880 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on XPO shares. Oppenheimer reduced their price objective on shares of XPO from $176.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Bank of America cut their price objective on shares of XPO from $150.00 to $131.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Barclays lowered their target price on XPO from $150.00 to $135.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Stephens restated an "overweight" rating and issued a $171.00 price target on shares of XPO in a research note on Wednesday, March 5th. Finally, 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 report on Thursday, March 6th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $139.63.

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.