HighPoint Advisor Group LLC Grows Stock Holdings in XPO, Inc. (NYSE:XPO)

HighPoint Advisor Group LLC increased its holdings in shares of XPO, Inc. (NYSE:XPO) by 10.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,842 shares of the transportation company’s stock after acquiring an additional 174 shares during the quarter. HighPoint Advisor Group LLC’s holdings in XPO were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its stake 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 buying an additional 76 shares during the last quarter. UMB Bank n.a. raised its position in XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 86 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in XPO by 1.3% in the fourth quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company’s stock valued at $1,044,000 after acquiring an additional 100 shares during the period. Coldstream Capital Management Inc. boosted its position in XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock worth $245,000 after purchasing an additional 107 shares in the last quarter. Finally, Greenleaf Trust grew its stake in shares of XPO by 5.0% during the 4th quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock worth $311,000 after purchasing an additional 114 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Down 13.7 %

Shares of NYSE XPO opened at $96.10 on Friday. The stock has a market cap of $11.27 billion, a PE ratio of 29.75, a P/E/G 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, Inc. has a 12-month low of $95.59 and a 12-month high of $161.00. The company has a 50-day moving average of $123.43 and a 200 day moving average of $129.59.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared 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 purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

XPO has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Truist Financial assumed coverage on shares of XPO in a research note on Thursday, March 13th. They set a “buy” rating and a $130.00 target price on the stock. UBS Group lifted their price target on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Susquehanna lowered their price target on XPO from $180.00 to $138.00 and set a “positive” rating on the stock in a research report on Monday. Finally, Oppenheimer boosted their price objective on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $152.37.

Insider Buying and Selling at XPO

In related news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, for a total transaction of $199,580.80. Following 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by company 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.