Arnhold LLC Lowers Stake in XPO, Inc. (NYSE:XPO)

Arnhold LLC reduced its position in XPO, Inc. (NYSE:XPO - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,739 shares of the transportation company's stock after selling 44,563 shares during the period. XPO makes up 2.1% of Arnhold LLC's investment portfolio, making the stock its 13th largest holding. Arnhold LLC owned about 0.14% of XPO worth $21,737,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in shares of XPO by 57.3% in the 4th quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock worth $9,738,000 after purchasing an additional 27,034 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of XPO by 40.0% in the 4th quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock worth $31,138,000 after purchasing an additional 67,800 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of XPO by 42.8% in the 4th quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock worth $8,054,000 after purchasing an additional 18,398 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of XPO in the 4th quarter worth $423,000. Finally, Invesco Ltd. lifted its holdings in shares of XPO by 29.6% in the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock worth $244,369,000 after purchasing an additional 425,678 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Performance

Shares of XPO stock traded up $1.19 during trading on Monday, reaching $97.61. 2,949,459 shares of the company's stock traded hands, compared to its average volume of 1,618,278. The company has a market capitalization of $11.50 billion, a P/E ratio of 30.22, a PEG ratio of 1.79 and a beta of 2.05. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm's 50-day moving average is $107.50 and its 200 day moving average is $128.03. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating 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 expect 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 at XPO

In other news, COO David J. Bates purchased 1,880 shares of the business's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the acquisition, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on XPO shares. Barclays dropped their price objective on XPO from $150.00 to $135.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Truist Financial cut their price target on shares of XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday. UBS Group reduced their price objective on shares of XPO from $170.00 to $108.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus reduced their price objective on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of XPO in a research report on Friday, March 7th. They issued a "buy" rating and a $156.00 price objective for the company. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $139.63.

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.