XPO, Inc. (NYSE:XPO) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its stake in XPO, Inc. (NYSE:XPO - Free Report) by 36.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,155 shares of the transportation company's stock after selling 3,003 shares during the period. Corient Private Wealth LLC's holdings in XPO were worth $676,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in XPO. Envestnet Portfolio Solutions Inc. boosted its position in shares of XPO by 9.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,772 shares of the transportation company's stock worth $1,019,000 after buying an additional 703 shares during the period. Natixis Advisors LLC boosted its holdings in XPO by 42.8% in the 4th quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock worth $8,054,000 after acquiring an additional 18,398 shares during the period. Catalyst Funds Management Pty Ltd grew its position in XPO by 975.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 19,350 shares of the transportation company's stock valued at $2,538,000 after acquiring an additional 17,550 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of XPO by 1.3% during the fourth quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock valued at $1,044,000 after purchasing an additional 100 shares during the period. Finally, Swiss National Bank raised its stake in shares of XPO by 0.7% during the fourth quarter. Swiss National Bank now owns 228,900 shares of the transportation company's stock valued at $30,020,000 after purchasing an additional 1,700 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

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XPO Stock Performance

NYSE XPO traded up $1.55 during trading hours on Tuesday, reaching $109.13. The company's stock had a trading volume of 590,647 shares, compared to its average volume of 1,542,644. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The business has a 50-day simple moving average of $125.37 and a 200 day simple moving average of $129.96. XPO, Inc. has a 52 week low of $97.03 and a 52 week high of $161.00. The stock has a market cap of $12.79 billion, a PE ratio of 33.86, a PEG ratio of 1.79 and a beta of 2.13.

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 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%. Equities research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its board has authorized a share buyback plan on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of XPO from $150.00 to $167.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Stephens restated an "overweight" rating and set a $171.00 target price on shares of XPO in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Stifel Nicolaus raised XPO from a "hold" rating to a "buy" rating and set a $147.00 price target for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company dropped their price objective on XPO from $170.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO presently has an average rating of "Buy" and a consensus price target of $153.16.

Insider Activity

In other news, COO David J. Bates acquired 1,880 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at $2,240,612.96. This trade represents a 9.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company's stock.

XPO Company 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.