Anomaly Capital Management LP Sells 173,971 Shares of XPO, Inc. (NYSE:XPO)

Anomaly Capital Management LP trimmed its holdings in XPO, Inc. (NYSE:XPO) by 24.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 546,658 shares of the transportation company’s stock after selling 173,971 shares during the quarter. XPO makes up approximately 2.1% of Anomaly Capital Management LP’s holdings, making the stock its 19th biggest position. Anomaly Capital Management LP owned 0.47% of XPO worth $71,694,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc purchased a new stake in XPO in the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO during the 4th quarter valued at approximately $42,000. Cullen Frost Bankers Inc. increased its stake in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after acquiring an additional 130 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of 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 acquiring an additional 76 shares during the last quarter. Finally, UMB Bank n.a. increased its position in 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 during the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Trading Down 2.9 %

NYSE XPO opened at $93.93 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a fifty day simple moving average of $111.16 and a two-hundred day simple moving average of $128.28. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The stock has a market cap of $11.06 billion, a P/E ratio of 29.08, a P/E/G ratio of 1.79 and a beta of 2.05.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has approved a share repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

XPO has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective 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. Stephens reissued an “overweight” rating and set a $171.00 price objective on shares of XPO in a research note on Wednesday, March 5th. UBS Group dropped their target price on XPO from $170.00 to $108.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Barclays decreased their price target on XPO from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, Citigroup reduced their target price on shares of XPO from $148.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $139.89.

Insiders Place Their Bets

In related news, COO David J. Bates bought 1,880 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost 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 in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by insiders.

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.