XPO, Inc. (NYSE:XPO) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. trimmed its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 21.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,211 shares of the transportation company's stock after selling 6,189 shares during the period. Polar Asset Management Partners Inc.'s holdings in XPO were worth $2,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC acquired a new position in XPO in the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. increased its position in 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 acquiring an additional 130 shares during the period. Larson Financial Group LLC increased its position in 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 acquiring an additional 76 shares during the period. UMB Bank n.a. increased its position in 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 acquiring an additional 86 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in XPO in the 4th quarter valued at about $83,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at XPO

In related news, COO David J. Bates purchased 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lowered their price objective on XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Benchmark lifted their price objective on XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Stephens set a $131.00 price objective on XPO and gave the company an "overweight" rating in a report on Thursday, May 1st. Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Thursday, March 6th. Finally, Susquehanna lowered their price objective on XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a report on Monday, March 31st. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $134.11.

XPO Trading Down 1.0%

Shares of XPO stock traded down $1.15 on Thursday, reaching $119.48. 744,807 shares of the stock were exchanged, compared to its average volume of 1,635,211. The stock has a market cap of $14.08 billion, a P/E ratio of 37.01, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. 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 firm has a 50 day moving average of $106.69 and a two-hundred day moving average of $127.53. 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 data on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping 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 period in the prior year, the firm posted $0.81 EPS. On average, research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

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.