XPO, Inc. (NYSE:XPO) Stake Trimmed by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 19.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 99,115 shares of the transportation company’s stock after selling 23,390 shares during the quarter. Russell Investments Group Ltd.’s holdings in XPO were worth $12,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in XPO. Quantinno Capital Management LP lifted its position in shares of XPO by 30.6% in the 3rd quarter. Quantinno Capital Management LP now owns 4,979 shares of the transportation company’s stock valued at $535,000 after acquiring an additional 1,168 shares in the last quarter. Stifel Financial Corp raised its stake in XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after purchasing an additional 43,237 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in shares of XPO by 21.2% in the third quarter. Orion Portfolio Solutions LLC now owns 3,114 shares of the transportation company’s stock valued at $335,000 after purchasing an additional 544 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of XPO by 8.9% in the third quarter. MML Investors Services LLC now owns 2,159 shares of the transportation company’s stock valued at $232,000 after purchasing an additional 176 shares in the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of XPO by 51.3% in the third quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock worth $97,000 after buying an additional 305 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Down 7.7 %

Shares of XPO stock opened at $97.40 on Friday. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 30.15, a PEG 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. The stock’s 50 day simple moving average is $117.85 and its 200 day simple moving average is $128.80. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00.

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, topping 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%. As a group, research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

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

Insider Activity

In other XPO news, COO David J. Bates purchased 1,880 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, for a total transaction 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 $2,240,612.96. This represents 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 the SEC website. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Thursday, March 6th. UBS Group dropped their price objective on shares of XPO from $170.00 to $108.00 and set a “buy” rating on the stock in a research note on Tuesday. 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 note on Friday, February 7th. Finally, Truist Financial began coverage on shares of XPO in a research note on Thursday, March 13th. They issued a “buy” rating and a $130.00 price target on the stock. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO presently has a consensus rating of “Buy” and an average price target of $140.16.

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.