Eisler Capital Management Ltd. bought a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,397 shares of the transportation company's stock, valued at approximately $4,293,000.
Several other hedge funds have also recently bought and sold shares of XPO. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of XPO during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. raised its stake 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 purchasing an additional 130 shares during the period. Larson Financial Group LLC boosted its position 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 buying an additional 76 shares during the period. UMB Bank n.a. grew its holdings in shares of XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after buying an additional 86 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in XPO in the 4th quarter valued at approximately $83,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at XPO
In other news, COO David J. Bates bought 1,880 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $106.16 per share, with a total value 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 $2,240,612.96. This represents a 9.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by corporate insiders.
XPO Stock Performance
Shares of XPO stock traded up $2.30 during midday trading on Wednesday, hitting $128.30. 726,830 shares of the company were exchanged, compared to its average volume of 1,631,707. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The firm has a market capitalization of $15.11 billion, a P/E ratio of 39.72, a PEG ratio of 1.79 and a beta of 1.96. The firm's 50 day moving average price is $104.52 and its two-hundred day moving average price 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.
XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data 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. XPO had a return on equity of 30.36% and a net margin of 4.81%. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business's 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 declared that its board has approved a share repurchase program on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group decreased their price target on shares of XPO from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Truist Financial lowered their price target on shares of XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Vertical Research raised shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Thursday, March 6th. Benchmark raised their price objective on XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on XPO in a report on Friday, March 7th. They set a "buy" rating and a $156.00 target price on the stock. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $133.68.
Read Our Latest Stock Analysis on XPO
About XPO
(
Free Report)
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.
Further Reading
Before you consider XPO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and XPO wasn't on the list.
While XPO currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
