XPO, Inc. (NYSE:XPO) Shares Purchased by Hood River Capital Management LLC

Hood River Capital Management LLC lifted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 798,543 shares of the transportation company's stock after purchasing an additional 28,428 shares during the quarter. XPO comprises about 1.5% of Hood River Capital Management LLC's investment portfolio, making the stock its 11th largest holding. Hood River Capital Management LLC owned 0.69% of XPO worth $104,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of XPO during the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in XPO in the fourth quarter valued at about $42,000. Cullen Frost Bankers Inc. grew its holdings in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after acquiring an additional 130 shares during the last quarter. Larson Financial Group LLC raised its position in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after acquiring an additional 76 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on XPO. Citigroup lowered their target price on XPO from $148.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus dropped their price target on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Oppenheimer decreased 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. Barclays cut their target price on shares of XPO from $150.00 to $135.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Finally, Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Thursday, March 6th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $139.89.

Insider Buying and Selling at XPO

In other news, COO David J. Bates purchased 1,880 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by insiders.

XPO Trading Up 2.6 %

XPO stock opened at $96.33 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $11.35 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.79 and a beta of 2.05. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The business has a 50-day simple moving average of $110.21 and a two-hundred day simple moving average of $128.06.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly 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%. Analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

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

About XPO

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.