Graham Capital Management L.P. Acquires 4,600 Shares of XPO, Inc. (NYSE:XPO)

Graham Capital Management L.P. grew its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 92.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,600 shares of the transportation company's stock after purchasing an additional 4,600 shares during the quarter. Graham Capital Management L.P.'s holdings in XPO were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC bought a new stake in XPO during the fourth quarter worth approximately $42,000. Cullen Frost Bankers Inc. raised its holdings in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after acquiring an additional 130 shares during the period. Larson Financial Group LLC raised its holdings in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after acquiring an additional 76 shares during the period. UMB Bank n.a. raised its holdings in XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after acquiring an additional 86 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in XPO in the 4th quarter worth $83,000. Institutional investors own 97.73% of the company's stock.

XPO Price Performance

NYSE:XPO traded up $2.44 on Friday, reaching $128.12. The stock had a trading volume of 1,544,790 shares, compared to its average volume of 1,635,518. The company has a market capitalization of $15.09 billion, a P/E ratio of 39.67, 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 quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The stock has a fifty day moving average price of $105.30 and a 200-day moving average price of $127.64.

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

XPO announced that its board has authorized a share buyback program on Thursday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XPO. Wells Fargo & Company dropped their target price on shares of XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. dropped their target price on shares of XPO from $132.00 to $121.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group dropped their price objective on shares of XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Oppenheimer lowered their price objective on XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Bank of America boosted their price target on shares of XPO from $119.00 to $139.00 and gave the company a "buy" rating in a report on Friday. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $134.11.

Insider Transactions at XPO

In other XPO news, COO David J. Bates purchased 1,880 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the purchase, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This represents a 9.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by company insiders.

XPO 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.