XPO, Inc. (NYSE:XPO) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 75.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,980 shares of the transportation company's stock after selling 100,600 shares during the quarter. Bank of Montreal Can's holdings in XPO were worth $4,325,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in XPO. Vanguard Group Inc. grew its holdings in 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. FMR LLC grew its holdings in XPO by 3.6% in the fourth quarter. FMR LLC now owns 2,606,265 shares of the transportation company's stock valued at $341,812,000 after purchasing an additional 91,252 shares during the period. Norges Bank purchased 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 acquired a new position in XPO during the fourth quarter worth approximately $163,938,000. Finally, Life Planning Partners Inc raised its stake in 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. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Stock Up 3.4 %

Shares of XPO stock traded up $3.18 during trading hours on Friday, hitting $96.67. 1,028,658 shares of the company were exchanged, compared to its average volume of 1,612,006. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 1.79 and a beta of 2.05. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The business's 50-day simple moving average is $113.20 and its two-hundred day simple moving average is $128.14. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last released its 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%. Sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its Board of Directors has authorized a stock buyback program on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently weighed in on XPO. UBS Group reduced their target price on XPO from $170.00 to $108.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Barclays dropped their price objective on shares of XPO from $150.00 to $135.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Susquehanna reduced their target price on shares of XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a report on Monday, March 31st. Deutsche Bank Aktiengesellschaft assumed coverage on XPO in a research note on Friday, March 7th. They set a "buy" rating and a $156.00 price objective on the stock. Finally, Stephens reiterated an "overweight" rating and issued a $171.00 target price on shares of XPO in a research note on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat, XPO has a consensus rating of "Buy" and an average price target of $139.89.

Insider Activity

In related news, COO David J. Bates bought 1,880 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the acquisition, the chief operating officer now owns 21,106 shares of the company's stock, valued at $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 accessible through this hyperlink. Company insiders own 2.00% of the company's stock.

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.