Graham Capital Management L.P. Raises Stake in XPO, Inc. (NYSE:XPO)

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

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC bought a new stake in XPO during the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. boosted its stake in shares of XPO by 69.1% in the 4th 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 in the last quarter. Larson Financial Group LLC boosted its stake in shares of XPO by 25.6% in 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 in the last quarter. UMB Bank n.a. boosted its stake in shares of XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after purchasing an additional 86 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of XPO in the 4th quarter valued at $83,000. Institutional investors own 97.73% of the company's stock.

XPO Stock Performance

NYSE XPO traded up $2.44 on Friday, reaching $128.12. 1,544,790 shares of the stock were exchanged, compared to its average volume of 1,640,534. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The firm has a market capitalization of $15.09 billion, a PE ratio of 39.67, a PEG ratio of 1.79 and a beta of 1.96. The company's 50-day simple moving average is $105.72 and its two-hundred day simple moving average is $127.63. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

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 (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. Analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its board has approved a stock repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently commented on XPO shares. Oppenheimer lowered their price target on shares of XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Truist Financial decreased their price target on shares of XPO from $130.00 to $125.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus decreased their price target on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of XPO in a research report on Friday, March 7th. They set a "buy" rating and a $156.00 price objective on the stock. Finally, Benchmark raised their price target on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $134.11.

Insider Activity

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

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.