Zimmer Partners LP Takes $3.02 Million Position in XPO, Inc. (NYSE:XPO)

Zimmer Partners LP acquired a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,000 shares of the transportation company's stock, valued at approximately $3,016,000.

Other large investors also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of XPO during the 4th quarter valued at approximately $42,000. Cullen Frost Bankers Inc. boosted its position in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after buying an additional 130 shares during the period. Larson Financial Group LLC boosted its position 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 worth $49,000 after buying an additional 76 shares during the period. UMB Bank n.a. grew its stake in shares of XPO by 19.0% in the fourth 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 in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of XPO in the 4th quarter valued at $83,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at XPO

In related news, COO David J. Bates acquired 1,880 shares of XPO 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 completion of the transaction, the chief operating officer now directly 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on XPO shares. Bank of America raised their price objective on shares of XPO from $119.00 to $139.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Benchmark boosted their target price on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Oppenheimer decreased their price objective on shares of XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Barclays lowered their target price on shares of XPO from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price target on XPO from $132.00 to $121.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $134.11.

XPO Price Performance

Shares of XPO stock traded down $1.79 during midday trading on Monday, reaching $116.99. 1,031,344 shares of the company traded hands, compared to its average volume of 1,641,645. The firm's 50 day simple moving average is $107.00 and its two-hundred day simple moving average is $126.94. The firm has a market cap of $13.78 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. 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, 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 data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $1.95 billion during 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%. XPO's quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. On average, equities research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its board has authorized 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 reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually 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.