D1 Capital Partners L.P. Has $266.74 Million Stake in XPO, Inc. (NYSE:XPO)

D1 Capital Partners L.P. trimmed its position in XPO, Inc. (NYSE:XPO - Free Report) by 56.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,033,838 shares of the transportation company's stock after selling 2,677,204 shares during the period. XPO comprises approximately 4.4% of D1 Capital Partners L.P.'s holdings, making the stock its 8th largest holding. D1 Capital Partners L.P. owned about 1.75% of XPO worth $266,738,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors lifted its stake in shares of XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after purchasing an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of XPO in the 4th quarter valued at $231,667,000. Capital World Investors lifted its stake in shares of XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock valued at $1,016,923,000 after purchasing an additional 1,605,001 shares during the period. Norges Bank acquired a new position in shares of XPO in the 4th quarter valued at $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of XPO in the 4th quarter valued at $163,938,000. 97.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO David J. Bates acquired 1,880 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

XPO has been the topic of a number of analyst reports. Susquehanna cut their price target on XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research note on Monday, March 31st. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a report on Friday, March 7th. They set a "buy" rating and a $156.00 target price on the stock. Bank of America lowered their price target on XPO from $150.00 to $131.00 and set a "buy" rating for the company in a report on Friday, March 28th. Raymond James cut their price objective on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their price objective on XPO from $170.00 to $130.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $139.63.

XPO Stock Down 1.1 %

Shares of NYSE XPO traded down $1.10 during mid-day trading on Tuesday, hitting $96.43. The company had a trading volume of 1,371,308 shares, compared to its average volume of 1,760,391. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a market capitalization of $11.36 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. 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 firm has a 50-day simple moving average of $106.70 and a two-hundred day simple moving average of $127.90.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, equities analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its Board of Directors has approved a share repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication 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.