XPO, Inc. (NYSE:XPO) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its position in XPO, Inc. (NYSE:XPO) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 726,404 shares of the transportation company’s stock after selling 158,706 shares during the quarter. American Century Companies Inc.’s holdings in XPO were worth $95,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in shares of XPO in the fourth quarter valued at about $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in XPO in the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. boosted its holdings in shares of XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC grew its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of XPO in the third quarter valued at approximately $57,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

Shares of XPO stock opened at $112.64 on Tuesday. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average of $128.09 and a 200 day moving average of $129.71. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00.

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

Insider Buying and Selling at XPO

In related news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the purchase, the chief operating officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on XPO. Raymond James lowered their price objective on XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Bank of America dropped their price objective on shares of XPO from $170.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Oppenheimer lifted their target price on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Susquehanna upgraded shares of XPO from a “neutral” rating to a “positive” rating and boosted their target price for the company from $155.00 to $180.00 in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $158.47.

XPO 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.