XPO, Inc. (NYSE:XPO) Shares Sold by FIL Ltd

FIL Ltd lowered its position in XPO, Inc. (NYSE:XPO) by 61.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 626,793 shares of the transportation company’s stock after selling 1,015,702 shares during the period. FIL Ltd’s holdings in XPO were worth $82,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc purchased a new stake in XPO in the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in XPO in the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. raised its holdings in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 130 shares during the last quarter. Larson Financial Group LLC raised 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 valued at $49,000 after acquiring an additional 76 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings 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 last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XPO. Truist Financial began coverage on XPO in a report on Thursday, March 13th. They issued a “buy” rating and a $130.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of XPO in a research note on Friday, March 7th. They set a “buy” rating and a $156.00 price objective for the company. Stephens reissued an “overweight” rating and set a $171.00 price objective on shares of XPO in a research note on Wednesday, March 5th. Jefferies Financial Group lowered their price objective on shares of XPO from $170.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, UBS Group decreased their price target on shares of XPO from $170.00 to $108.00 and set a “buy” rating for the company in a research report on Tuesday. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $140.16.

XPO Stock Performance

Shares of XPO stock opened at $105.19 on Thursday. The firm has a market cap of $12.33 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The firm’s 50-day simple moving average is $118.47 and its 200-day simple moving average is $128.92. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. Equities analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has approved a stock repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.