Arvin Capital Management LP Sells 55,565 Shares of XPO, Inc. (NYSE:XPO)

Arvin Capital Management LP trimmed its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 39.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,786 shares of the transportation company's stock after selling 55,565 shares during the period. XPO comprises 3.1% of Arvin Capital Management LP's holdings, making the stock its 12th largest position. Arvin Capital Management LP owned approximately 0.07% of XPO worth $11,120,000 as of its most recent SEC filing.

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

XPO Price Performance

Shares of XPO stock traded down $7.45 on Friday, reaching $96.27. 3,939,726 shares of the stock were exchanged, compared to its average volume of 1,612,931. 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 firm has a market cap of $11.34 billion, a PE ratio of 29.80, a P/E/G ratio of 1.79 and a beta of 2.05. The firm's 50 day moving average is $107.50 and its 200-day moving average is $128.03. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating 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, analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has initiated a share repurchase program on Thursday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

XPO has been the topic of a number of research analyst reports. Stephens restated an "overweight" rating and issued a $171.00 price target on shares of XPO in a research note on Wednesday, March 5th. Stifel Nicolaus cut their target price on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Bank of America reduced their target price on shares of XPO from $150.00 to $131.00 and set a "buy" rating for the company in a report on Friday, March 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of XPO in a research report on Friday, March 7th. They set a "buy" rating and a $156.00 price objective for the company. Finally, Barclays decreased their target price on XPO from $150.00 to $135.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $139.63.

Insider Activity at XPO

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

XPO Company 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.