23,000 Shares in XPO, Inc. (NYSE:XPO) Acquired by Zimmer Partners LP

Zimmer Partners LP acquired a new position in shares of XPO, Inc. (NYSE:XPO) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 23,000 shares of the transportation company’s stock, valued at approximately $3,016,000.

Other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after acquiring an additional 2,125,686 shares during the period. Vanguard Group Inc. lifted its position 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 boosted its stake in XPO by 26.1% during 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 period. FMR LLC grew its position in XPO by 3.6% in the 4th quarter. FMR LLC now owns 2,606,265 shares of the transportation company’s stock worth $341,812,000 after purchasing an additional 91,252 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of XPO by 29.6% in the fourth quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company’s stock valued at $244,369,000 after purchasing an additional 425,678 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Oppenheimer reduced their price objective on XPO from $142.00 to $126.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Bank of America increased their price target on XPO from $119.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Evercore ISI upped their price objective on shares of XPO from $115.00 to $116.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their target price on shares of XPO from $132.00 to $121.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 price target on the stock. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $134.11.

XPO Price Performance

Shares of NYSE:XPO opened at $124.46 on Wednesday. The company has a market capitalization of $14.66 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. 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 fifty day moving average of $106.42 and a 200-day moving average of $127.57. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. XPO had a return on equity of 30.36% and a net margin of 4.81%. XPO’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 earnings per share. As a group, equities analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its board has authorized a stock repurchase plan on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. This trade represents a 9.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% 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.