XPO, Inc. (NYSE:XPO) Stake Lowered by Cercano Management LLC

Cercano Management LLC lowered its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,301,487 shares of the transportation company's stock after selling 840,540 shares during the period. XPO makes up approximately 7.7% of Cercano Management LLC's portfolio, making the stock its 2nd largest position. Cercano Management LLC owned approximately 1.98% of XPO worth $301,840,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of XPO during the 3rd quarter valued at about $108,000. Tidal Investments LLC lifted its holdings in shares of XPO by 472.0% in the third quarter. Tidal Investments LLC now owns 14,101 shares of the transportation company's stock worth $1,516,000 after buying an additional 11,636 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of XPO by 23.7% during the 3rd quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company's stock valued at $51,677,000 after purchasing an additional 91,973 shares during the last quarter. Versant Capital Management Inc purchased a new position in XPO during the 4th quarter valued at approximately $29,000. Finally, GAMMA Investing LLC grew its holdings in shares of XPO by 20.2% in the fourth quarter. GAMMA Investing LLC now owns 1,135 shares of the transportation company's stock valued at $149,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Trading Down 0.3 %

Shares of XPO stock opened at $109.44 on Tuesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $12.89 billion, a P/E ratio of 33.88, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. The firm has a 50-day simple moving average of $104.72 and a two-hundred day simple moving average of $127.56. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last released its 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. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 earnings per share. As a group, equities analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has approved a stock buyback plan on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently weighed in on XPO. Wells Fargo & Company decreased their price target on XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a report on Friday, March 7th. They issued a "buy" rating and a $156.00 price target for the company. Raymond James cut their target price on shares of XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer reduced their price target on XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Evercore ISI raised their target price on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO has a consensus rating of "Buy" and an average price target of $135.79.

Insiders Place Their Bets

In other XPO news, COO David J. Bates acquired 1,880 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, the chief operating officer now 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.90% of the company's stock.

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.

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