Crestline Management LP Has $393,000 Stake in XPO, Inc. (NYSE:XPO)

Crestline Management LP decreased its position in XPO, Inc. (NYSE:XPO - Free Report) by 93.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,000 shares of the transportation company's stock after selling 45,351 shares during the period. Crestline Management LP's holdings in XPO were worth $393,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC purchased a new position in XPO in the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. increased its holdings 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 last quarter. Larson Financial Group LLC grew its holdings in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after purchasing an additional 76 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after purchasing an additional 86 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in XPO in the 4th quarter worth approximately $83,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at XPO

In related news, COO David J. Bates purchased 1,880 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares of the company's stock, valued at $2,240,612.96. This trade represents a 9.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.90% of the company's stock.

XPO Trading Up 1.2%

XPO traded up $1.50 during mid-day trading on Wednesday, hitting $127.50. 1,844,943 shares of the stock were exchanged, compared to its average volume of 1,635,273. 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 company has a market cap of $15.02 billion, a PE ratio of 39.47, a PEG ratio of 1.79 and a beta of 1.96. The firm's fifty day moving average is $104.52 and its two-hundred day moving average is $127.60. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last released 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. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. XPO had a return on equity of 30.36% and a net margin of 4.81%. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. Equities analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

XPO has been the subject of a number of recent research reports. Truist Financial cut their price objective on XPO from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Benchmark upped their price target on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. UBS Group increased their target price on shares of XPO from $108.00 to $123.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Stephens set a $131.00 price target on shares of XPO and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group decreased their price target on shares of XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $133.68.

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.