X Square Capital LLC Has $2.96 Million Stake in XPO, Inc. (NYSE:XPO)

X Square Capital LLC grew its stake in XPO, Inc. (NYSE:XPO) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,545 shares of the transportation company’s stock after buying an additional 192 shares during the period. XPO makes up approximately 1.2% of X Square Capital LLC’s holdings, making the stock its 25th biggest position. X Square Capital LLC’s holdings in XPO were worth $2,957,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in XPO. Vanguard Group Inc. boosted its stake in XPO by 0.7% during 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 period. D1 Capital Partners L.P. boosted its position in shares of XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after acquiring an additional 2,153,042 shares during the period. State Street Corp increased its position in XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after acquiring an additional 37,486 shares during the period. Norges Bank acquired a new position in XPO during the 4th quarter valued at $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in XPO in the 4th quarter valued at $163,938,000. 97.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XPO. Bank of America cut their target price on XPO from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Benchmark lifted their target price on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of XPO in a research report on Friday, March 7th. They issued a “buy” rating and a $156.00 price target for the company. Oppenheimer upped their price objective on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and raised their target price for the stock from $155.00 to $180.00 in a research report on Friday, February 7th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $156.37.

Insider Activity

In related news, COO David J. Bates acquired 1,880 shares of the business’s stock in a transaction 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.

XPO Price Performance

NYSE:XPO opened at $112.82 on Friday. The stock has a market capitalization of $13.23 billion, a PE ratio of 34.93, a P/E/G ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The firm has a fifty day simple moving average of $126.59 and a 200 day simple moving average of $129.53. 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 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 net margin of 4.81% and a return on equity of 30.36%. On average, research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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

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.