Man Group plc acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 24,429 shares of the transportation company's stock, valued at approximately $3,204,000.
A number of other large investors have also modified their holdings of the business. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of XPO during the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. grew its holdings in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC increased its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after buying an additional 76 shares in the last quarter. UMB Bank n.a. raised its stake in shares of XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after buying an additional 86 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of XPO in the 4th quarter worth about $83,000. 97.73% of the stock is owned by hedge funds and other institutional investors.
XPO Trading Up 1.0%
Shares of XPO stock traded up $1.24 on Wednesday, hitting $120.05. 326,381 shares of the company's stock traded hands, compared to its average volume of 1,788,219. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $14.14 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. The firm's 50-day moving average price is $107.33 and its two-hundred day moving average price is $126.64.
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. XPO had a return on equity of 30.36% and a net margin of 4.81%. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.81 EPS. XPO's revenue for the quarter was down 3.2% on a year-over-year basis. On average, research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.
XPO announced that its board 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 repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on XPO shares. Benchmark boosted their price target on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Vertical Research raised shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Thursday, March 6th. Evercore ISI upped their target price on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus decreased their price target on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Bank of America lifted their price target on shares of XPO from $119.00 to $139.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO has an average rating of "Buy" and an average price target of $134.11.
Read Our Latest Report on XPO
Insider Transactions at XPO
In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 2.90% of the company's stock.
XPO Company Profile
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Free Report)
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.
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