XPO, Inc. (NYSE:XPO) Shares Sold by Mesirow Institutional Investment Management Inc.

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc acquired a new position in shares of XPO in the 4th quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new position in XPO during the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. grew its holdings in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after acquiring an additional 130 shares in the last quarter. Larson Financial Group LLC increased its position in shares of XPO by 25.6% in the 4th 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. raised its stake in shares of XPO by 19.0% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on XPO. Jefferies Financial Group lowered 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. Truist Financial initiated coverage on XPO in a research report on Thursday, March 13th. They set a “buy” rating and a $130.00 price target on the stock. UBS Group lowered their target price on shares of XPO from $170.00 to $108.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Thursday, March 6th. Finally, Stifel Nicolaus lowered their target price on XPO from $147.00 to $142.00 and set a “buy” rating for the company in a report on Monday, April 14th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, XPO currently has a consensus rating of “Buy” and an average target price of $139.89.

XPO Stock Up 3.4 %

XPO stock opened at $96.67 on Friday. The firm’s 50-day moving average is $112.17 and its two-hundred day moving average is $128.21. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. XPO, Inc. has a 52 week low of $85.06 and a 52 week 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 issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has initiated a share buyback program on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The stock was 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. This represents a 9.78 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

About XPO

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.