Polar Asset Management Partners Inc. Lowers Position in XPO, Inc. (NYSE:XPO)

Polar Asset Management Partners Inc. reduced its position in 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. The institutional investor owned 22,211 shares of the transportation company's stock after selling 6,189 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in XPO were worth $2,913,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Quantinno Capital Management LP boosted its holdings in XPO by 28.0% during the 4th quarter. Quantinno Capital Management LP now owns 6,373 shares of the transportation company's stock valued at $836,000 after acquiring an additional 1,394 shares during the period. Man Group plc purchased a new stake in shares of XPO during the fourth quarter worth about $3,204,000. Nomura Holdings Inc. bought a new stake in shares of XPO in the fourth quarter worth about $2,026,000. Maven Securities LTD purchased a new position in XPO during the 4th quarter valued at about $341,000. Finally, Graham Capital Management L.P. raised its position in XPO by 92.0% during the 4th quarter. Graham Capital Management L.P. now owns 9,600 shares of the transportation company's stock valued at $1,259,000 after purchasing an additional 4,600 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Down 3.0%

XPO stock traded down $3.79 during trading hours on Wednesday, hitting $120.65. The stock had a trading volume of 1,121,772 shares, compared to its average volume of 1,637,717. The stock's 50-day moving average price is $106.42 and its 200-day moving average price is $127.57. The stock has a market capitalization of $14.21 billion, a P/E ratio of 37.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. XPO, Inc. has a 12-month low of $85.06 and a 12-month 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.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results 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. XPO had a net margin of 4.81% and a return on equity of 30.36%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its Board of Directors has initiated 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 reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates purchased 1,880 shares of the stock in a transaction dated Thursday, March 13th. The shares were 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 directly owns 21,106 shares in the company, valued at $2,240,612.96. This trade represents a 9.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

XPO has been the topic of several recent analyst reports. Wells Fargo & Company cut 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. Evercore ISI increased their price target on shares of XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Stifel Nicolaus lowered their price objective 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. Oppenheimer reduced their target price on XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, Raymond James lowered their target price on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price 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.