Pictet Asset Management Holding SA Buys 1,015 Shares of XPO, Inc. (NYSE:XPO)

Pictet Asset Management Holding SA increased its stake in shares of XPO, Inc. (NYSE:XPO) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,786 shares of the transportation company’s stock after buying an additional 1,015 shares during the quarter. Pictet Asset Management Holding SA’s holdings in XPO were worth $2,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of XPO. BNP Paribas Financial Markets raised its holdings in shares of XPO by 25.9% in the third quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company’s stock valued at $2,972,000 after purchasing an additional 5,680 shares during the last quarter. Townsquare Capital LLC bought a new stake in XPO in the 3rd quarter worth about $232,000. Centiva Capital LP increased its stake in XPO by 49.5% in the 3rd quarter. Centiva Capital LP now owns 4,754 shares of the transportation company’s stock valued at $511,000 after buying an additional 1,574 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of XPO by 30.6% during the 3rd quarter. Quantinno Capital Management LP now owns 4,979 shares of the transportation company’s stock worth $535,000 after buying an additional 1,168 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of XPO by 159.1% in the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after buying an additional 43,237 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on XPO shares. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 price target for the company. JPMorgan Chase & Co. lifted their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company reduced their price target on shares of XPO from $170.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Raymond James lowered their price objective on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Thursday, March 6th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $150.58.

Insider Activity at XPO

In other XPO news, COO David J. Bates purchased 1,880 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

XPO Trading Down 4.7 %

Shares of XPO stock opened at $91.54 on Friday. The company’s 50-day moving average price is $122.48 and its 200-day moving average price is $129.47. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 12-month low of $85.06 and a 12-month 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) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, equities analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.