Freestone Grove Partners LP Buys New Position in XPO, Inc. (NYSE:XPO)

Freestone Grove Partners LP bought a new position in XPO, Inc. (NYSE:XPO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,903 shares of the transportation company's stock, valued at approximately $4,053,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XPO. Wilmington Savings Fund Society FSB acquired a new position in shares of XPO during the 3rd quarter worth approximately $108,000. Tidal Investments LLC boosted its position in shares of XPO by 472.0% during the 3rd quarter. Tidal Investments LLC now owns 14,101 shares of the transportation company's stock valued at $1,516,000 after acquiring an additional 11,636 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of XPO by 23.7% during the 3rd quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company's stock worth $51,677,000 after buying an additional 91,973 shares during the last quarter. JPMorgan Chase & Co. grew its position in XPO by 36.2% in the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company's stock worth $75,131,000 after acquiring an additional 185,686 shares during the period. Finally, Versant Capital Management Inc acquired a new position in XPO in the fourth quarter valued at about $29,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Price Performance

NYSE:XPO traded down $1.52 during mid-day trading on Tuesday, hitting $107.77. 1,748,434 shares of the company's stock traded hands, compared to its average volume of 1,621,792. The firm's 50 day simple moving average is $104.72 and its 200 day simple moving average is $127.56. The company has a market cap of $12.70 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. XPO, Inc. has a 1 year low of $85.06 and a 1 year 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.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 EPS 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 the consensus estimate of $1.98 billion. XPO had a return on equity of 30.36% and a net margin of 4.81%. The business's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. Sell-side analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to buy up to 5.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Insider Activity at XPO

In related news, COO David J. Bates bought 1,880 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the purchase, 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 transaction 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer lowered their target price on XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. UBS Group increased their price objective on XPO from $108.00 to $123.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Barclays cut their price target on shares of XPO from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price target on shares of XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Finally, Citigroup decreased their price target on XPO from $148.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO has a consensus rating of "Buy" and a consensus target price of $133.68.

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.