Mesirow Institutional Investment Management Inc. Has $3 Million Position in XPO, Inc. (NYSE:XPO)

Mesirow Institutional Investment Management Inc. reduced its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 29.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,880 shares of the transportation company's stock after selling 9,686 shares during the quarter. Mesirow Institutional Investment Management Inc.'s holdings in XPO were worth $3,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. MetLife Investment Management LLC raised its stake in shares of XPO by 8.1% during the fourth quarter. MetLife Investment Management LLC now owns 70,617 shares of the transportation company's stock worth $9,261,000 after buying an additional 5,292 shares during the last quarter. Natixis acquired a new stake in XPO during the 4th quarter worth $57,796,000. Ostrum Asset Management raised its position in shares of XPO by 130.7% during the 4th quarter. Ostrum Asset Management now owns 9,045 shares of the transportation company's stock valued at $1,186,000 after acquiring an additional 5,125 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after purchasing an additional 2,125,686 shares during the period. Finally, Capital World Investors boosted its position in shares of XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after purchasing an additional 1,605,001 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO David J. Bates bought 1,880 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on XPO. Bank of America reduced their target price on XPO from $150.00 to $131.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Truist Financial began coverage on shares of XPO in a report on Thursday, March 13th. They set a "buy" rating and a $130.00 price objective for the company. Stephens reaffirmed an "overweight" rating and issued a $171.00 target price on shares of XPO in a research note on Wednesday, March 5th. Benchmark lifted their price target on shares of XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Barclays lowered their price objective on shares of XPO from $150.00 to $135.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $139.89.

XPO Stock Up 3.7 %

XPO stock traded up $3.58 during midday trading on Wednesday, hitting $100.00. The company's stock had a trading volume of 2,275,210 shares, compared to its average volume of 1,620,440. The company's fifty day moving average price is $110.21 and its 200 day moving average price is $128.06. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The stock has a market capitalization of $11.78 billion, a P/E ratio of 30.96, a PEG ratio of 1.79 and a beta of 2.05.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its board has initiated a stock repurchase plan on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership 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.