Amiral Gestion Purchases Shares of 5,400 XPO, Inc. (NYSE:XPO)

Amiral Gestion acquired a new stake in shares of XPO, Inc. (NYSE:XPO) during the fourth quarter, Holdings Channel reports. The fund acquired 5,400 shares of the transportation company’s stock, valued at approximately $708,000. XPO makes up about 0.4% of Amiral Gestion’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC bought a new position in shares of XPO during the fourth quarter valued at about $42,000. Cullen Frost Bankers Inc. increased 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 valued at $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC raised its position in XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares during the last quarter. UMB Bank n.a. lifted its holdings in XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after buying an additional 86 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of XPO in the 4th quarter worth approximately $83,000. Institutional investors own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In other news, COO David J. Bates acquired 1,880 shares of the business’s stock in a transaction that occurred on 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 directly owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. The trade was a 9.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XPO. Bank of America lifted their price target on shares of XPO from $119.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 16th. 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. Evercore ISI boosted their price target on shares of XPO from $115.00 to $116.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on XPO in a research 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 data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $134.11.

XPO Stock Down 1.5%

XPO stock opened at $116.99 on Friday. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The business has a fifty day moving average price of $107.00 and a 200-day moving average price of $127.28. The stock has a market capitalization of $13.78 billion, a P/E ratio of 36.22, a P/E/G ratio of 1.79 and a beta of 1.96. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

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

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

XPO 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.