XPO, Inc. (NYSE:XPO) is Lagoda Investment Management L.P.'s 7th Largest Position

Lagoda Investment Management L.P. lowered its stake in XPO, Inc. (NYSE:XPO - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 76,825 shares of the transportation company's stock after selling 3,320 shares during the quarter. XPO accounts for 5.4% of Lagoda Investment Management L.P.'s portfolio, making the stock its 7th biggest position. Lagoda Investment Management L.P. owned 0.07% of XPO worth $10,076,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC raised its holdings in XPO by 57.3% in the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock worth $9,738,000 after purchasing an additional 27,034 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of XPO by 40.0% in the 4th quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock worth $31,138,000 after buying an additional 67,800 shares during the period. Natixis Advisors LLC increased its stake in shares of XPO by 42.8% in the 4th quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock worth $8,054,000 after acquiring an additional 18,398 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in XPO during the 4th quarter valued at about $423,000. Finally, Invesco Ltd. boosted its stake in XPO by 29.6% during the fourth quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock worth $244,369,000 after acquiring an additional 425,678 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

Shares of NYSE:XPO traded down $2.11 during mid-day trading on Thursday, reaching $125.61. 1,947,767 shares of the company traded hands, compared to its average volume of 1,636,518. The company's 50 day moving average price is $104.91 and its 200-day moving average price is $127.60. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $14.80 billion, a PE ratio of 38.89, 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.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. XPO had a return on equity of 30.36% and a net margin of 4.81%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business posted $0.81 EPS. XPO's revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts expect 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 repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at XPO

In other news, COO David J. Bates acquired 1,880 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were acquired 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 directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.90% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XPO shares. Raymond James lowered their target price on shares of XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Barclays lowered their price objective on XPO from $135.00 to $125.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Jefferies Financial Group cut their target price on XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Stephens set a $131.00 price target on XPO and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Citigroup dropped their price target on shares of XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $133.68.

About XPO

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.