Aristeia Capital L.L.C. Lowers Stock Holdings in XPO, Inc. (NYSE:XPO)

Aristeia Capital L.L.C. reduced its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 61.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,513 shares of the transportation company's stock after selling 3,983 shares during the period. Aristeia Capital L.L.C.'s holdings in XPO were worth $330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Research Global Investors lifted its stake in XPO by 18.5% in the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after buying an additional 2,125,686 shares during the period. Vanguard Group Inc. lifted its position in shares of XPO by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company's stock valued at $1,447,231,000 after acquiring an additional 79,393 shares during the period. Capital World Investors boosted its stake in XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after acquiring an additional 1,605,001 shares in the last quarter. FMR LLC grew its holdings in XPO by 3.6% in the fourth quarter. FMR LLC now owns 2,606,265 shares of the transportation company's stock worth $341,812,000 after purchasing an additional 91,252 shares during the period. Finally, Invesco Ltd. increased its stake in XPO by 29.6% in the fourth quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock valued at $244,369,000 after purchasing an additional 425,678 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XPO. Raymond James decreased their target price on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on XPO in a report on Friday, March 7th. They issued a "buy" rating and a $156.00 target price on the stock. Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Thursday, March 6th. Evercore ISI raised their price objective on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Citigroup decreased their target price on shares of XPO from $148.00 to $113.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $133.68.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates purchased 1,880 shares of the company'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 purchase, the chief operating officer now owns 21,106 shares of the company's stock, valued at $2,240,612.96. This represents a 9.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company's stock.

XPO Stock Performance

XPO stock traded down $1.52 during mid-day trading on Tuesday, hitting $107.77. The company had a trading volume of 1,748,434 shares, compared to its average volume of 1,620,546. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The stock's fifty day moving average price is $104.72 and its two-hundred day moving average price is $127.56. The firm has a market cap of $12.70 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. 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 announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company earned $0.81 earnings per share. XPO's revenue was down 3.2% compared to the same quarter last year. On average, analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is 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.