Capital World Investors Increases Position in XPO, Inc. (NYSE:XPO)

Capital World Investors boosted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 26.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,753,883 shares of the transportation company's stock after acquiring an additional 1,605,001 shares during the period. Capital World Investors owned about 6.66% of XPO worth $1,016,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its stake in XPO by 57.3% during the 4th quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock worth $9,738,000 after buying an additional 27,034 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of XPO by 40.0% during the fourth 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 raised its stake in XPO by 42.8% in the 4th quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock valued at $8,054,000 after purchasing an additional 18,398 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in XPO in the 4th quarter valued at $423,000. Finally, Invesco Ltd. boosted its stake in XPO by 29.6% during 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 during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XPO has been the topic of several research reports. Vertical Research raised shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Thursday, March 6th. Stifel Nicolaus decreased their target price on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. UBS Group dropped their price target on XPO from $170.00 to $108.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on XPO from $170.00 to $130.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Stephens restated an "overweight" rating and issued a $171.00 target price on shares of XPO in a report on Wednesday, March 5th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $139.63.

Insider Buying and Selling at XPO

In related news, COO David J. Bates bought 1,880 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.

XPO Stock Up 3.8 %

Shares of NYSE:XPO traded up $3.80 during trading hours on Thursday, reaching $103.76. The stock had a trading volume of 1,531,406 shares, compared to its average volume of 1,723,346. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The firm's 50 day moving average is $109.30 and its 200-day moving average is $127.87. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 32.12, 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 quick ratio of 1.06 and a current ratio of 1.06.

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

XPO announced that its Board of Directors has authorized a share 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 buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

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.