Castleark Management LLC Reduces Stock Position in XPO, Inc. (NYSE:XPO)

Castleark Management LLC decreased its stake in XPO, Inc. (NYSE:XPO - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,734 shares of the transportation company's stock after selling 2,820 shares during the period. Castleark Management LLC owned 0.06% of XPO worth $9,539,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. White Knight Strategic Wealth Advisors LLC acquired a new position in shares of XPO in the 4th quarter valued at $381,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of XPO by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 292,304 shares of the transportation company's stock valued at $38,336,000 after buying an additional 29,359 shares in the last quarter. Zimmer Partners LP acquired a new position in shares of XPO in the 4th quarter valued at $3,016,000. Vident Advisory LLC boosted its holdings in shares of XPO by 7.1% in the 4th quarter. Vident Advisory LLC now owns 4,073 shares of the transportation company's stock valued at $534,000 after buying an additional 269 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of XPO by 7.8% in the 4th quarter. Two Sigma Investments LP now owns 27,700 shares of the transportation company's stock valued at $3,633,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

Insider Buying and Selling

In other news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This trade represents a 9.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on XPO shares. Stephens set a $131.00 price target on shares of XPO and gave the company an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI upped their price target on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of XPO in a research report on Friday, March 7th. They issued a "buy" rating and a $156.00 price target for the company. Stifel Nicolaus reduced their price target on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Truist Financial reduced their price target on shares of XPO from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO currently has a consensus rating of "Buy" and a consensus price target of $134.11.

XPO Price Performance

Shares of NYSE:XPO traded down $1.79 on Friday, reaching $116.99. 1,031,344 shares of the company were exchanged, compared to its average volume of 1,640,156. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 36.22, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a 50-day moving average of $107.00 and a 200-day moving average of $127.28. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.98 billion. During the same period last year, the company posted $0.81 earnings per share. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. Equities analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

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.