Clearbridge Investments LLC trimmed its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,657,361 shares of the transportation company's stock after selling 95,007 shares during the period. Clearbridge Investments LLC owned approximately 2.28% of XPO worth $348,513,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in XPO. Norges Bank bought a new stake in XPO during the fourth quarter worth about $188,808,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of XPO during the 4th quarter valued at $163,938,000. Life Planning Partners Inc increased its holdings in shares of XPO by 12,923.2% in the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock worth $109,824,000 after buying an additional 830,963 shares during the period. Raymond James Financial Inc. bought a new stake in XPO in the fourth quarter valued at approximately $91,158,000. Finally, Holocene Advisors LP boosted its position in XPO by 61.2% during the 3rd quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company's stock valued at $73,529,000 after buying an additional 259,727 shares during the period. 97.73% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have recently issued reports on XPO. Stephens reissued an "overweight" rating and issued a $171.00 target price on shares of XPO in a research report on Wednesday, March 5th. Raymond James cut their price target on shares of XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Barclays decreased their price target on XPO from $165.00 to $150.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. UBS Group lifted their price target on shares of XPO from $159.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group increased their target price on XPO from $150.00 to $167.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $153.16.
View Our Latest Stock Report on XPO
XPO Trading Up 1.5 %
Shares of NYSE XPO traded up $1.58 during trading on Tuesday, reaching $109.16. The stock had a trading volume of 1,260,812 shares, compared to its average volume of 1,548,531. The company has a market cap of $12.80 billion, a P/E ratio of 33.79, a PEG ratio of 1.79 and a beta of 2.13. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The business's 50-day moving average price is $125.37 and its 200-day moving average price is $129.96. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $161.00.
XPO (NYSE:XPO - Get Free Report) last posted its 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, equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.
XPO announced that its Board of Directors has approved a share repurchase plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.
Insider Activity at XPO
In related news, COO David J. Bates bought 1,880 shares of the company's stock in a transaction on 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 in the company, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by insiders.
About XPO
(
Free Report)
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.
See Also
Before you consider XPO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and XPO wasn't on the list.
While XPO currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
