Empirical Capital Management LLC Raises Holdings in XPO, Inc. (NYSE:XPO)

Empirical Capital Management LLC raised its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,000 shares of the transportation company's stock after purchasing an additional 6,000 shares during the period. XPO accounts for about 5.5% of Empirical Capital Management LLC's holdings, making the stock its 7th largest holding. Empirical Capital Management LLC's holdings in XPO were worth $7,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of XPO. Capital Research Global Investors raised its stake in XPO by 18.5% in the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after buying an additional 2,125,686 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in shares of XPO during the 4th quarter worth approximately $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 bought a new stake in shares of XPO during the fourth quarter valued at approximately $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of XPO during the fourth quarter valued at approximately $163,938,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

Wall Street Analyst Weigh In

XPO has been the subject of several recent research reports. Stephens set a $131.00 price objective on XPO and gave the company an "overweight" rating in a research report on Thursday, May 1st. UBS Group boosted their price objective on shares of XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Raymond James reduced their price target on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus cut their target price on XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research report on Friday, March 7th. They issued a "buy" rating and a $156.00 target price for the company. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO has a consensus rating of "Buy" and a consensus target price of $134.11.

XPO Stock Performance

Shares of NYSE XPO traded down $3.86 during trading on Friday, hitting $113.68. The company had a trading volume of 955,180 shares, compared to its average volume of 1,784,435. The stock has a 50 day simple moving average of $107.62 and a 200 day simple moving average of $126.33. The firm has a market capitalization of $13.39 billion, a P/E ratio of 35.19, 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 quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. XPO's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its board has initiated a share buyback plan on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at XPO

In other news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.

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.