GAMMA Investing LLC Grows Stock Holdings in XPO, Inc. (NYSE:XPO)

GAMMA Investing LLC increased its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 16,790.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,708 shares of the transportation company's stock after buying an additional 190,573 shares during the period. GAMMA Investing LLC owned about 0.16% of XPO worth $20,624,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors grew its holdings in XPO by 18.5% during the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after acquiring an additional 2,125,686 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of XPO in the 4th quarter worth approximately $231,667,000. Capital World Investors lifted its position 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 worth $1,016,923,000 after purchasing an additional 1,605,001 shares during the period. Norges Bank bought a new position 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 position 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 Analysts Forecast Growth

A number of equities analysts recently commented on XPO shares. Stifel Nicolaus reduced their price objective on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Raymond James reduced their price target on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Truist Financial decreased their price objective on XPO from $130.00 to $125.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Susquehanna dropped their price objective on XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research report on Monday, March 31st. Finally, Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research note on Thursday, March 6th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $134.63.

Insiders Place Their Bets

In other news, COO David J. Bates acquired 1,880 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were acquired 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 of the company's stock, valued at approximately $2,240,612.96. This trade represents a 9.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by insiders.

XPO Stock Performance

XPO stock traded up $1.14 during trading on Monday, reaching $119.61. The company had a trading volume of 814,668 shares, compared to its average volume of 1,640,273. The company has a market cap of $14.09 billion, a price-to-earnings ratio of 37.03, a price-to-earnings-growth ratio of 1.79 and a beta of 1.92. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50-day simple moving average of $108.29 and a 200-day simple moving average of $124.67.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. As a group, sell-side analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has approved a share buyback plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are 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.