Mesirow Institutional Investment Management Inc. Has $3 Million Stake in XPO, Inc. (NYSE:XPO)

Mesirow Institutional Investment Management Inc. trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 29.7% during the 4th quarter, HoldingsChannel reports. The firm 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 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XPO. Versant Capital Management Inc acquired a new position in XPO during the fourth quarter valued at $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO during the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. increased its holdings in shares of XPO by 69.1% in 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 lifted its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $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.

XPO Price Performance

NYSE XPO opened at $96.67 on Friday. The stock has a 50-day simple moving average of $112.17 and a 200 day simple moving average of $128.21. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The stock has a market capitalization of $11.39 billion, a PE ratio of 29.93, a P/E/G ratio of 1.79 and a beta of 2.05. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that XPO, Inc. will post 4.15 EPS 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 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 often a sign that the company’s board believes its shares are undervalued.

Insider Activity at XPO

In other news, COO David J. Bates acquired 1,880 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares of the company’s stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on XPO. Raymond James dropped their price objective on shares of XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Susquehanna cut their price objective on XPO from $180.00 to $138.00 and set a “positive” rating for the company in a report on Monday, March 31st. Stephens restated an “overweight” rating and issued a $171.00 target price on shares of XPO in a research note on Wednesday, March 5th. Jefferies Financial Group cut their price target on XPO from $170.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, Citigroup reduced their price target on XPO from $148.00 to $113.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO presently has an average rating of “Buy” and a consensus target price of $139.89.

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.