XPO, Inc. (NYSE:XPO) Position Cut by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its position in shares of XPO, Inc. (NYSE:XPO) by 18.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,258,604 shares of the transportation company’s stock after selling 278,922 shares during the period. Massachusetts Financial Services Co. MA’s holdings in XPO were worth $165,066,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in XPO during the 4th quarter valued at about $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO during the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. boosted its position in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after buying an additional 130 shares during the period. Larson Financial Group LLC grew its holdings in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after buying an additional 76 shares in the last quarter. Finally, UMB Bank n.a. increased its position in XPO by 19.0% in the 4th 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 during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on XPO shares. Raymond James cut their target price on XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a report on Monday, February 24th. UBS Group raised their target price on shares of XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Oppenheimer increased their price objective on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $152.37.

XPO Trading Down 13.7 %

NYSE:XPO opened at $96.10 on Friday. The stock has a fifty day simple moving average of $123.43 and a 200 day simple moving average of $129.59. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 1-year low of $95.59 and a 1-year high of $161.00. 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 quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating 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%. Sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has initiated a stock repurchase program on Thursday, March 27th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

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.