Alliancebernstein L.P. Sells 46,894 Shares of XPO, Inc. (NYSE:XPO)

Alliancebernstein L.P. cut its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,049,510 shares of the transportation company's stock after selling 46,894 shares during the quarter. Alliancebernstein L.P. owned approximately 0.90% of XPO worth $137,643,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of XPO. Vanguard Group Inc. grew its stake in shares of XPO by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company's stock valued at $1,447,231,000 after buying an additional 79,393 shares during the period. State Street Corp boosted its holdings in XPO by 1.1% in the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company's stock worth $373,903,000 after acquiring an additional 37,486 shares in the last quarter. Norges Bank acquired a new stake in XPO in the fourth quarter valued at approximately $188,808,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of XPO during the fourth quarter valued at approximately $163,938,000. Finally, Life Planning Partners Inc raised its position in shares of XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock worth $109,824,000 after purchasing an additional 830,963 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XPO has been the subject of a number of recent research reports. Raymond James decreased their price target on shares of XPO from $170.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their target price 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. Truist Financial began coverage on shares of XPO in a research report on Thursday, March 13th. They issued a "buy" rating and a $130.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research note on Friday, March 7th. They issued a "buy" rating and a $156.00 price objective for the company. Finally, Benchmark lifted their target price on XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO currently has an average rating of "Buy" and an average price target of $153.16.

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XPO Price Performance

XPO stock opened at $109.16 on Wednesday. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 1.79 and a beta of 2.13. The business's 50 day simple moving average is $124.79 and its 200 day simple moving average is $129.96. 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 12 month low of $97.03 and a 12 month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared 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 repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Insider Activity

In related 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 acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the acquisition, the chief operating officer now 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.00% of the company's stock.

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.

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