XPO, Inc. (NYSE:XPO) Stock Position Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 40.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 237,420 shares of the transportation company's stock after buying an additional 67,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.20% of XPO worth $31,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in XPO. Norges Bank acquired a new stake in shares of XPO in the fourth quarter valued at approximately $188,808,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in XPO during the fourth quarter worth $163,938,000. Life Planning Partners Inc raised its holdings in shares of XPO by 12,923.2% in the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock worth $109,824,000 after acquiring an additional 830,963 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of XPO in the fourth quarter valued at $91,158,000. Finally, Invesco Ltd. boosted its stake in shares of XPO by 29.6% during the fourth quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock valued at $244,369,000 after acquiring an additional 425,678 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the transaction, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

XPO Stock Up 3.9 %

Shares of XPO stock traded up $3.64 on Thursday, hitting $97.13. 323,314 shares of the company's stock traded hands, compared to its average volume of 1,610,566. 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's 50-day moving average is $114.19 and its 200 day moving average is $128.21. The stock has a market cap of $11.44 billion, a P/E ratio of 30.03, a PEG ratio of 1.79 and a beta of 2.05. 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 Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Equities analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on XPO shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of XPO in a report on Friday, March 7th. They set a "buy" rating and a $156.00 price target for the company. Susquehanna lowered their price objective on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a research report on Monday, March 31st. Wells Fargo & Company reduced their target price on XPO from $170.00 to $130.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Stifel Nicolaus dropped their price objective on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research note on Monday. Finally, Jefferies Financial Group decreased their target price on shares of XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $139.89.

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.