XPO, Inc. (NYSE:XPO) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 14.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 185,628 shares of the transportation company’s stock after selling 31,244 shares during the quarter. Legal & General Group Plc’s holdings in XPO were worth $24,345,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc purchased a new position in shares of XPO in the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO in the fourth quarter valued at about $42,000. Cullen Frost Bankers Inc. lifted its stake 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 purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC boosted 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 worth $49,000 after buying an additional 76 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Susquehanna decreased their price target on XPO from $180.00 to $138.00 and set a “positive” rating for the company in a report on Monday, March 31st. Benchmark upped their target price on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Stephens reaffirmed an “overweight” rating and set a $171.00 price target on shares of XPO in a research note on Wednesday, March 5th. Jefferies Financial Group cut their price objective on shares of XPO from $170.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Vertical Research upgraded XPO from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Thursday, March 6th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $140.16.

Insider Activity

In other XPO news, COO David J. Bates purchased 1,880 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, the chief operating officer now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

XPO Trading Down 3.7 %

NYSE:XPO opened at $93.69 on Monday. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. 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 simple moving average of $117.09 and a 200 day simple moving average of $128.78. The firm has a market capitalization of $11.03 billion, a P/E ratio of 29.00, a P/E/G ratio of 1.79 and a beta of 2.05.

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 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%. Equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its Board of Directors has approved a stock buyback plan on Thursday, March 27th that permits the company to repurchase $750.00 million in 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 often an indication that the company’s board believes its shares are undervalued.

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.