Maven Securities LTD Makes New $341,000 Investment in XPO, Inc. (NYSE:XPO)

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

A number of other large investors have also recently bought and sold shares of XPO. Capital Research Global Investors grew its stake in shares of XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after buying an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in shares of XPO in the 4th quarter valued at about $231,667,000. Capital World Investors grew its stake in shares of XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock valued at $1,016,923,000 after buying an additional 1,605,001 shares during the period. Norges Bank acquired a new stake in shares of XPO in the 4th quarter valued at about $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of XPO in the 4th quarter valued at about $163,938,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

XPO Price Performance

Shares of XPO traded up $2.44 during mid-day trading on Friday, reaching $128.12. 1,544,790 shares of the stock traded hands, compared to its average volume of 1,640,534. The firm has a fifty day moving average price of $105.72 and a 200 day moving average price of $127.65. The company has a market cap of $15.09 billion, a price-to-earnings ratio of 39.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. 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, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00.

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. The firm 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%. The business's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. As a group, equities research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

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

Analyst Ratings Changes

XPO has been the subject of several research reports. Stephens set a $131.00 target price on XPO and gave the company an "overweight" rating in a research note on Thursday, May 1st. Truist Financial dropped their target price on shares of XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Citigroup dropped their target price on shares of XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Benchmark lifted their target price on shares of XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price target 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. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $134.11.

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.