New Age Alpha Advisors LLC Acquires Shares of 12,042 XPO, Inc. (NYSE:XPO)

New Age Alpha Advisors LLC bought a new position in XPO, Inc. (NYSE:XPO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,042 shares of the transportation company's stock, valued at approximately $1,579,000.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP lifted its stake in shares of XPO by 44.5% in the 3rd quarter. Quantbot Technologies LP now owns 5,725 shares of the transportation company's stock valued at $615,000 after purchasing an additional 1,764 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of XPO by 25.9% in the third quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company's stock worth $2,972,000 after buying an additional 5,680 shares during the last quarter. Townsquare Capital LLC acquired a new stake in shares of XPO in the third quarter worth about $232,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of XPO by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,534 shares of the transportation company's stock worth $2,745,000 after acquiring an additional 381 shares in the last quarter. Finally, Aureus Asset Management LLC acquired a new position in shares of XPO during the 3rd quarter valued at about $1,075,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Insiders Place Their Bets

In other XPO news, COO David J. Bates purchased 1,880 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the purchase, the chief operating officer now owns 21,106 shares of the company's stock, 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 document filed with the SEC, which is available at this link. Insiders own 2.00% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays decreased their target price on XPO from $165.00 to $150.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. 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. The Goldman Sachs Group lifted their target price on shares of XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a report on Thursday, March 6th. Finally, Truist Financial assumed coverage on XPO in a research note on Thursday, March 13th. They issued a "buy" rating and a $130.00 price objective on the stock. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $153.16.

XPO Price Performance

XPO stock traded up $1.58 during trading hours on Tuesday, reaching $109.16. 1,260,812 shares of the stock were exchanged, compared to its average volume of 1,548,531. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00. The company has a market cap of $12.80 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The stock has a 50 day moving average of $124.79 and a two-hundred day moving average of $129.96.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Equities analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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

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.