Mesirow Institutional Investment Management Inc. Reduces Stake in XPO, Inc. (NYSE:XPO)

Mesirow Institutional Investment Management Inc. reduced its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 29.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,880 shares of the transportation company's stock after selling 9,686 shares during the period. Mesirow Institutional Investment Management Inc.'s holdings in XPO were worth $3,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc purchased a new stake in XPO during the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in XPO during the 4th quarter valued at approximately $42,000. Cullen Frost Bankers Inc. boosted its holdings in shares of 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 last quarter. Larson Financial Group LLC raised its holdings in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after purchasing an additional 86 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Performance

NYSE:XPO traded down $8.43 during trading hours on Friday, reaching $95.29. 2,402,245 shares of the company's stock were exchanged, compared to its average volume of 1,619,270. 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 market capitalization of $11.22 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 1.79 and a beta of 2.05. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a 50-day moving average of $108.46 and a 200 day moving average of $127.86.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its Board of Directors has approved a stock repurchase program on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

XPO has been the subject of several analyst reports. Jefferies Financial Group decreased their price objective on XPO from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Oppenheimer cut their price objective on shares of XPO from $176.00 to $142.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Bank of America dropped their target price on XPO from $150.00 to $131.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Raymond James reduced 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a report on Friday, March 7th. They set a "buy" rating and a $156.00 price objective on the stock. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $139.63.

Insider Buying and Selling

In other XPO news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The stock was 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 $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

XPO Company 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.