XPO, Inc. (NYSE:XPO) Shares Sold by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP lessened its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 12.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,235 shares of the transportation company's stock after selling 2,547 shares during the quarter. Baker Avenue Asset Management LP's holdings in XPO were worth $2,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in XPO. Capital Research Global Investors lifted its position in shares of XPO by 18.5% in the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after acquiring an additional 2,125,686 shares in the last quarter. Vanguard Group Inc. lifted its holdings in XPO by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company's stock valued at $1,447,231,000 after purchasing an additional 79,393 shares in the last quarter. Capital World Investors lifted its holdings in 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 purchasing an additional 1,605,001 shares in the last quarter. FMR LLC boosted its stake in shares of XPO by 3.6% during the 4th quarter. FMR LLC now owns 2,606,265 shares of the transportation company's stock worth $341,812,000 after purchasing an additional 91,252 shares during the last quarter. Finally, Invesco Ltd. grew its holdings 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 worth $244,369,000 after buying an additional 425,678 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Up 1.7 %

NYSE:XPO traded up $1.78 during mid-day trading on Wednesday, hitting $109.49. The company had a trading volume of 1,581,998 shares, compared to its average volume of 1,619,818. The business has a fifty day simple moving average of $104.20 and a 200-day simple moving average of $127.29. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 1.79 and a beta of 1.96. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. 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 (NYSE:XPO - Get Free Report) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business posted $0.81 EPS. The company's revenue was down 3.2% on a year-over-year basis. Equities analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has approved a stock buyback program on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Transactions at XPO

In other news, COO David J. Bates acquired 1,880 shares of the business's stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This represents a 9.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on XPO shares. Oppenheimer decreased their target price on shares of XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. decreased their price objective on XPO from $132.00 to $121.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on XPO in a research report on Friday, March 7th. They issued a "buy" rating and a $156.00 price objective for the company. Evercore ISI increased their target price on XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Raymond James lowered their price target on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO has an average rating of "Buy" and a consensus price target 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.