American Century Companies Inc. Lowers Stake in XPO, Inc. (NYSE:XPO)

American Century Companies Inc. lowered its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 726,404 shares of the transportation company's stock after selling 158,706 shares during the period. American Century Companies Inc. owned 0.62% of XPO worth $95,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of XPO. D1 Capital Partners L.P. grew its stake in XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock valued at $506,484,000 after purchasing an additional 2,153,042 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of XPO during the fourth quarter worth $163,938,000. Life Planning Partners Inc boosted its position in shares of XPO by 12,923.2% in the 4th 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 in the last quarter. Raymond James Financial Inc. purchased a new position in XPO during the 4th quarter worth $91,158,000. Finally, The Manufacturers Life Insurance Company increased its position in XPO by 239.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company's stock valued at $59,486,000 after buying an additional 390,320 shares in the last quarter. Institutional investors own 97.73% of the company's stock.

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Insider Activity at XPO

In other news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

XPO Price Performance

Shares of XPO stock traded down $0.36 during mid-day trading on Wednesday, reaching $110.66. 647,291 shares of the stock traded hands, compared to its average volume of 1,500,709. The stock has a market capitalization of $12.97 billion, a PE ratio of 34.31, a PEG ratio of 1.79 and a beta of 2.13. The business has a 50-day moving average of $127.60 and a 200 day moving average of $129.78. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

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

Wall Street Analysts Forecast Growth

XPO has been the subject of several research reports. Susquehanna upgraded shares of XPO from a "neutral" rating to a "positive" rating and lifted their price objective for the stock from $155.00 to $180.00 in a research note on Friday, February 7th. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research note on Thursday, March 6th. Oppenheimer upped their target price on XPO from $148.00 to $176.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their price objective on shares of XPO from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, Barclays cut their price objective on shares of XPO from $165.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO presently has an average rating of "Buy" and an average price target of $158.47.

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.