Algert Global LLC Increases Stock Position in XPO, Inc. (NYSE:XPO)

Algert Global LLC raised its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,328 shares of the transportation company's stock after buying an additional 3,933 shares during the period. Algert Global LLC's holdings in XPO were worth $6,207,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Anderson Financial Strategies LLC bought a new stake in shares of XPO during the fourth quarter valued at approximately $1,233,000. Freestone Grove Partners LP acquired a new stake in XPO in the fourth quarter worth about $4,053,000. Comerica Bank raised its stake in shares of XPO by 9.4% during the fourth quarter. Comerica Bank now owns 56,607 shares of the transportation company's stock worth $7,424,000 after buying an additional 4,882 shares during the last quarter. Utah Retirement Systems boosted its position in shares of XPO by 1.6% in the 4th quarter. Utah Retirement Systems now owns 6,193 shares of the transportation company's stock worth $812,000 after purchasing an additional 100 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of XPO by 397.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 75,846 shares of the transportation company's stock valued at $9,947,000 after acquiring an additional 101,331 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other XPO news, COO David J. Bates acquired 1,880 shares of the company's stock in a transaction on 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 completion of the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by company insiders.

XPO Price Performance

Shares of XPO stock traded up $1.78 during trading hours on Wednesday, hitting $109.49. The company's stock had a trading volume of 1,581,998 shares, compared to its average volume of 1,619,818. The business has a 50 day moving average price of $104.20 and a two-hundred day moving average price of $127.29. The company has a market cap of $12.90 billion, a PE ratio of 33.90, a PEG ratio of 1.79 and a beta of 1.96. 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.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. XPO had a return on equity of 30.36% and a net margin of 4.81%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company's quarterly revenue was down 3.2% compared to the same quarter last year. Analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

XPO has been the topic of several research reports. Stephens set a $131.00 price objective on shares of XPO and gave the company an "overweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Jefferies Financial Group dropped their price target on XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Benchmark boosted their price objective on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, UBS Group raised their price target on shares of XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $133.68.

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.