Cantor Fitzgerald L. P. Acquires Shares of 7,800 XPO, Inc. (NYSE:XPO)

Cantor Fitzgerald L. P. bought a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,800 shares of the transportation company's stock, valued at approximately $1,023,000.

Several other hedge funds have also recently modified their holdings of XPO. Wilmington Savings Fund Society FSB acquired a new position in shares of XPO during the third quarter valued at approximately $108,000. Tidal Investments LLC lifted its holdings in XPO by 472.0% in the 3rd quarter. Tidal Investments LLC now owns 14,101 shares of the transportation company's stock valued at $1,516,000 after purchasing an additional 11,636 shares in the last quarter. Principal Financial Group Inc. boosted its stake in XPO by 23.7% during the 3rd quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company's stock worth $51,677,000 after purchasing an additional 91,973 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of XPO during the fourth quarter worth $29,000. Finally, GAMMA Investing LLC raised its position in shares of XPO by 20.2% in the fourth quarter. GAMMA Investing LLC now owns 1,135 shares of the transportation company's stock valued at $149,000 after buying an additional 191 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Trading Up 5.6 %

Shares of NYSE XPO opened at $109.80 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $12.93 billion, a PE ratio of 33.99, a PEG ratio of 1.79 and a beta of 2.05. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The stock has a fifty day simple moving average of $104.98 and a 200-day simple moving average of $127.58.

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

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on XPO. Benchmark increased their price objective on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Susquehanna reduced their price objective on XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research report on Monday, March 31st. Bank of America dropped their target price on 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 assumed coverage on XPO in a report on Friday, March 7th. They set a "buy" rating and a $156.00 price target on the stock. Finally, UBS Group upped their price objective on shares of XPO from $108.00 to $123.00 and gave the company a "buy" rating in a report on Thursday. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $135.79.

Insider Buying and Selling at XPO

In related news, COO David J. Bates acquired 1,880 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now owns 21,106 shares of the company's stock, valued at $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

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.

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