Neuberger Berman Group LLC Acquires 153,574 Shares of XPO, Inc. (NYSE:XPO)

Neuberger Berman Group LLC raised its stake in XPO, Inc. (NYSE:XPO) by 72.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 364,611 shares of the transportation company’s stock after buying an additional 153,574 shares during the quarter. Neuberger Berman Group LLC’s holdings in XPO were worth $47,819,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in XPO by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock worth $1,447,231,000 after acquiring an additional 79,393 shares during the last quarter. FMR LLC lifted its stake in shares of XPO by 3.6% in the 4th quarter. FMR LLC now owns 2,606,265 shares of the transportation company’s stock valued at $341,812,000 after purchasing an additional 91,252 shares during the period. Invesco Ltd. lifted its stake in shares of XPO by 29.6% in the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company’s stock valued at $244,369,000 after purchasing an additional 425,678 shares during the period. Norges Bank acquired a new position in shares of XPO in the 4th quarter valued at about $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of XPO in the 4th quarter valued at about $163,938,000. Institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

XPO stock opened at $105.19 on Thursday. The business has a 50 day moving average of $118.47 and a 200-day moving average of $128.92. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The firm has a market cap of $12.33 billion, a PE ratio of 32.57, a P/E/G ratio of 1.79 and a beta of 2.05. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last posted its earnings results 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 return on equity of 30.36% and a net margin of 4.81%. As a group, sell-side analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its Board of Directors has approved a share buyback plan on Thursday, March 27th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at XPO

In other XPO news, COO David J. Bates acquired 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares of the company’s stock, valued at $2,240,612.96. The trade was a 9.78 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on XPO shares. Oppenheimer dropped their price objective on XPO from $176.00 to $142.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Bank of America dropped their price objective on XPO from $150.00 to $131.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Benchmark boosted their price objective on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research note on Friday, March 7th. They issued a “buy” rating and a $156.00 price objective on the stock. Finally, Citigroup dropped their price target on XPO from $148.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $140.16.

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.