Maven Securities LTD Invests $341,000 in XPO, Inc. (NYSE:XPO)

Maven Securities LTD purchased a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,600 shares of the transportation company's stock, valued at approximately $341,000.

A number of other institutional investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC purchased a new position in shares of XPO during the 4th quarter worth $42,000. Cullen Frost Bankers Inc. grew its stake 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 in the last quarter. Larson Financial Group LLC boosted its stake in shares of XPO by 25.6% during the fourth 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% during the fourth 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 bought a new position in shares of XPO during the fourth quarter valued at approximately $83,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Trading Down 1.8%

XPO stock traded down $2.25 during midday trading on Monday, hitting $125.85. The company had a trading volume of 608,649 shares, compared to its average volume of 1,824,788. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 38.98, a PEG ratio of 1.79 and a beta of 1.96. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The stock's 50 day moving average price is $105.72 and its 200 day moving average price is $127.63.

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. The firm had revenue of $1.95 billion during 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 firm's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 earnings per share. As a group, equities research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has authorized a stock repurchase plan on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to buy 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.

Analyst Ratings Changes

Several brokerages recently issued reports on XPO. Stifel Nicolaus reduced their target price 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. Raymond James lowered their price objective on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Evercore ISI upped their price objective on XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. cut their price objective on shares of XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a report on Friday, March 7th. They issued a "buy" rating and a $156.00 price objective for the company. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $134.11.

Insider Buying and Selling

In other news, COO David J. Bates bought 1,880 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.90% of the stock is owned by insiders.

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.