Deutsche Bank analyst Amit Mehrotra views the reduced share count and "High Growth Incentive Award" disclosed in a proxy filing this morning by XPO Logistics as positive developments. XPO disclosed that its basic shares outstanding was 92.2M as of April 12, about 15% lower than the last disclosure at February 8, which shows management has taken "significant advantage" of the recent selloff, Mehrotra tells investors in a research note. The analyst views the buybacks as a "positive/bullish signal" and keeps a Buy rating on XPO Logistics. The stock in midday trading is up 52c to $66.55.