Rhumbline Advisers Boosts Holdings in XPO, Inc. (NYSE:XPO)

Rhumbline Advisers grew its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 338,680 shares of the transportation company's stock after purchasing an additional 2,296 shares during the period. Rhumbline Advisers owned about 0.29% of XPO worth $36,435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XPO. MassMutual Private Wealth & Trust FSB increased its stake in shares of XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after buying an additional 113 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of XPO during the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. grew its stake in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC increased its holdings in XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after purchasing an additional 76 shares during the period. Finally, Parallel Advisors LLC raised its position in XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after purchasing an additional 180 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on XPO. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research note on Friday, March 7th. They set a "buy" rating and a $156.00 target price on the stock. Stifel Nicolaus decreased their price objective on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citigroup cut their target price on shares of XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Susquehanna reduced their price target on shares of XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research report on Monday, March 31st. Finally, Wells Fargo & Company lowered their price objective on shares of XPO from $130.00 to $116.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO presently has an average rating of "Buy" and a consensus price target of $134.11.

Insider Buying and Selling

In other XPO news, COO David J. Bates bought 1,880 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.90% of the stock is owned by company insiders.

XPO Stock Up 1.6%

Shares of NYSE XPO traded up $1.88 during trading on Friday, reaching $118.55. The company had a trading volume of 1,235,419 shares, compared to its average volume of 1,641,670. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The business's 50-day moving average is $108.10 and its 200 day moving average is $125.18. The stock has a market cap of $13.97 billion, a PE ratio of 36.70, a P/E/G ratio of 1.79 and a beta of 1.92.

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 analysts' consensus estimates of $0.65 by $0.08. The business 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 period last year, the business earned $0.81 EPS. As a group, equities analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has authorized a stock repurchase plan on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors 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.