GAMMA Investing LLC Acquires 190,573 Shares of XPO, Inc. (NYSE:XPO)

GAMMA Investing LLC increased its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 16,790.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 191,708 shares of the transportation company's stock after acquiring 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of XPO. Greenleaf Trust boosted its position in XPO by 5.0% during the 4th quarter. Greenleaf Trust now owns 2,374 shares of the transportation company's stock valued at $311,000 after acquiring an additional 114 shares in the last quarter. Choreo LLC boosted its position in XPO by 39.0% during the fourth quarter. Choreo LLC now owns 4,978 shares of the transportation company's stock valued at $660,000 after purchasing an additional 1,396 shares in the last quarter. Platform Technology Partners purchased a new position in XPO in the fourth quarter valued at about $284,000. Apollon Wealth Management LLC bought a new position in XPO in the fourth quarter worth about $209,000. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of XPO by 13.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,138 shares of the transportation company's stock valued at $149,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analysts Set New Price Targets

XPO has been the topic of several recent analyst reports. Evercore ISI upped their target price on XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Bank of America increased their price objective on shares of XPO from $119.00 to $139.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Oppenheimer cut their price target on shares of XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Benchmark boosted their price objective on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Susquehanna reduced their target price on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a research note on Monday, March 31st. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $134.11.

Insider Activity at XPO

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

XPO Stock Performance

Shares of NYSE:XPO traded up $1.88 on Friday, reaching $118.55. 1,235,419 shares of the company's stock were exchanged, compared to its average volume of 1,643,764. The business's 50-day moving average is $108.10 and its two-hundred day moving average is $125.18. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 1.79 and a beta of 1.92.

XPO (NYSE:XPO - Get Free Report) last announced 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. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. XPO's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 EPS. As a group, equities research analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

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