Bryce Point Capital LLC Takes $500,000 Position in XPO, Inc. (NYSE:XPO)

Bryce Point Capital LLC acquired a new position in shares of XPO, Inc. (NYSE:XPO) during the 4th quarter, Holdings Channel.com reports. The firm acquired 3,811 shares of the transportation company’s stock, valued at approximately $500,000.

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

Insiders Place Their Bets

In other news, COO David J. Bates acquired 1,880 shares of the stock in a transaction on Thursday, March 13th. The shares were 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 directly owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

XPO Stock Down 13.7 %

XPO opened at $96.10 on Friday. The stock’s fifty day simple moving average is $123.43 and its 200 day simple moving average is $129.59. XPO, Inc. has a 1-year low of $95.59 and a 1-year high of $161.00. The stock has a market cap of $11.27 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. 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 data on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. As a group, research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its board has approved a share repurchase program on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on XPO shares. Wells Fargo & Company reduced their target price on shares of XPO from $170.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Barclays decreased their price objective on XPO from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a research note on Friday, March 7th. They set a “buy” rating and a $156.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $152.37.

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.