XPO, Inc. (NYSE:XPO) Position Boosted by Capital Research Global Investors

Capital Research Global Investors lifted its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 18.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,641,962 shares of the transportation company's stock after acquiring an additional 2,125,686 shares during the quarter. Capital Research Global Investors owned 11.72% of XPO worth $1,789,171,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Argent Trust Co boosted its holdings in shares of XPO by 1.9% in the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock valued at $517,000 after buying an additional 75 shares during the period. Larson Financial Group LLC lifted its holdings in XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after acquiring an additional 76 shares during the last quarter. UMB Bank n.a. boosted its stake in XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after acquiring an additional 86 shares during the period. SageView Advisory Group LLC grew its holdings in shares of XPO by 2.1% during the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock valued at $607,000 after purchasing an additional 96 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of XPO by 1.3% during the 4th quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock worth $1,044,000 after purchasing an additional 100 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Truist Financial assumed coverage on shares of XPO in a research report on Thursday, March 13th. They issued a "buy" rating and a $130.00 target price for the company. Oppenheimer lowered their target price on XPO from $176.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Susquehanna reduced their price target on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a research report on Monday, March 31st. Jefferies Financial Group lowered their price target on XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Bank of America reduced their price objective on shares of XPO from $150.00 to $131.00 and set a "buy" rating for the company in a report on Friday, March 28th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $139.89.

Insider Buying and Selling at XPO

In other news, COO David J. Bates purchased 1,880 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company's stock.

XPO Price Performance

Shares of NYSE:XPO traded up $3.58 on Wednesday, reaching $100.00. 2,275,210 shares of the company traded hands, compared to its average volume of 1,725,888. The stock has a market capitalization of $11.78 billion, a PE ratio of 30.96, a P/E/G ratio of 1.79 and a beta of 2.05. 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's 50 day moving average is $110.21 and its 200-day moving average is $128.06. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating 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%. As a group, analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

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.