Barclays PLC Trims Position in XPO, Inc. (NYSE:XPO)

Barclays PLC trimmed its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,451 shares of the transportation company's stock after selling 26,017 shares during the period. Barclays PLC owned about 0.09% of XPO worth $13,173,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position 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 worth $1,447,231,000 after buying an additional 79,393 shares during the last quarter. FMR LLC boosted 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 acquiring an additional 91,252 shares in the last quarter. Invesco Ltd. boosted its holdings in XPO by 29.6% in the fourth quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock valued at $244,369,000 after acquiring an additional 425,678 shares in the last quarter. Norges Bank purchased a new position in XPO during the 4th quarter valued at $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in XPO in the 4th quarter worth $163,938,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XPO. Stephens reaffirmed an "overweight" rating and set a $171.00 target price on shares of XPO in a research note on Wednesday, March 5th. 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. Deutsche Bank Aktiengesellschaft started coverage on XPO in a research note on Friday, March 7th. They issued a "buy" rating and a $156.00 target price for the company. Wells Fargo & Company reduced their price target on XPO from $170.00 to $130.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, Benchmark raised their price objective on XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO presently has an average rating of "Buy" and an average price target of $139.89.

XPO Stock Up 3.7 %

NYSE XPO traded up $3.58 during mid-day trading on Wednesday, reaching $100.00. The stock had a trading volume of 2,275,210 shares, compared to its average volume of 1,617,863. The stock has a market cap of $11.78 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The company has a fifty day moving average price of $110.21 and a 200 day moving average price of $128.06.

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

XPO announced that its board has approved a share repurchase program on Thursday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to buy up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at XPO

In related news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the purchase, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. The trade was a 9.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company's stock.

About XPO

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.