XPO (NYSE:XPO) Shares Up 13.3% - Here's What Happened

XPO, Inc. (NYSE:XPO - Get Free Report) shares traded up 13.3% during mid-day trading on Monday . The stock traded as high as $128.00 and last traded at $125.81. 792,101 shares traded hands during trading, a decline of 56% from the average session volume of 1,795,238 shares. The stock had previously closed at $111.01.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Susquehanna cut their price objective on shares of XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a report on Monday, March 31st. Oppenheimer cut their price objective on shares of XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company cut their price objective on shares of XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $133.68.

XPO Trading Down 0.6%

The business's 50-day moving average is $104.91 and its two-hundred day moving average is $127.60. 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 stock has a market capitalization of $14.95 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. XPO had a net margin of 4.81% and a return on equity of 30.36%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm posted $0.81 EPS. XPO's quarterly revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its board has approved a stock repurchase 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 repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, COO David J. Bates bought 1,880 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its stake in XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after purchasing an additional 2,125,686 shares during the last quarter. Vanguard Group Inc. raised its stake 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 during the last quarter. Capital World Investors raised its stake 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 during the last quarter. FMR LLC raised its stake in XPO by 3.6% in the 4th quarter. FMR LLC now owns 2,606,265 shares of the transportation company's stock valued at $341,812,000 after purchasing an additional 91,252 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in XPO by 17.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company's stock valued at $223,052,000 after purchasing an additional 306,928 shares during the last quarter. Institutional investors and hedge funds own 97.73% 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.