Crestline Management LP Lowers Stake in XPO, Inc. (NYSE:XPO)

Crestline Management LP lessened its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 93.8% in the fourth quarter, according to its most recent filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC acquired a new stake in XPO during the 4th quarter worth $42,000. Cullen Frost Bankers Inc. grew its holdings in shares of XPO by 69.1% in the 4th 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 grew its holdings in shares of XPO by 25.6% in the 4th 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 period. UMB Bank n.a. grew its holdings in shares of XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after buying an additional 86 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of XPO in the 4th quarter valued at $83,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Insider Activity

In other XPO news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The shares were bought 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 owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. This trade represents a 9.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Vertical Research raised shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a report on Thursday, March 6th. Wells Fargo & Company reduced their target price on shares of XPO from $130.00 to $116.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Citigroup reduced their target price on shares of XPO from $148.00 to $113.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group reduced their target price on shares of XPO from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $134.11.

XPO Stock Performance

Shares of XPO traded up $1.57 on Friday, reaching $127.25. The company's stock had a trading volume of 477,795 shares, compared to its average volume of 1,631,400. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The stock has a market capitalization of $14.99 billion, a P/E ratio of 39.45, a PEG ratio of 1.79 and a beta of 1.96. The stock's 50 day simple moving average is $105.30 and its two-hundred day simple moving average is $127.64. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The firm's revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 EPS. Research 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 authorized a stock repurchase program on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board 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.