Dorsey Wright & Associates trimmed its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 90.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,622 shares of the transportation company's stock after selling 16,098 shares during the period. Dorsey Wright & Associates' holdings in XPO were worth $213,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP grew its holdings in shares of XPO by 44.5% during the 3rd quarter. Quantbot Technologies LP now owns 5,725 shares of the transportation company's stock worth $615,000 after purchasing an additional 1,764 shares in the last quarter. Brooklyn Investment Group acquired a new stake in XPO during the third quarter worth $57,000. BNP Paribas Financial Markets increased its holdings in XPO by 25.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company's stock valued at $2,972,000 after buying an additional 5,680 shares during the period. Townsquare Capital LLC bought a new stake in XPO in the 3rd quarter valued at $232,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of XPO by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,534 shares of the transportation company's stock worth $2,745,000 after acquiring an additional 381 shares during the period. 97.73% of the stock is currently owned by institutional investors.
Insider Activity at XPO
In other news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of 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 available at this hyperlink. Corporate insiders own 2.00% of the company's stock.
XPO Trading Up 1.5 %
Shares of XPO stock traded up $1.58 during trading on Tuesday, reaching $109.16. 1,260,812 shares of the company were exchanged, compared to its average volume of 1,545,193. The business has a 50-day moving average price of $125.37 and a 200-day moving average price of $129.96. The firm has a market capitalization of $12.80 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 1.79 and a beta of 2.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a twelve month low of $97.03 and a twelve month 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 (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%. Sell-side analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.
XPO declared that its board has authorized a stock buyback program on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on XPO. Benchmark upped their target price on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Raymond James dropped their target price on XPO from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Truist Financial began coverage on XPO in a research note on Thursday, March 13th. They issued a "buy" rating and a $130.00 price target on the stock. Wells Fargo & Company cut their price objective on XPO from $170.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Bank of America lowered their target price on shares of XPO from $150.00 to $131.00 and set a "buy" rating on the stock in a report on Friday. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $153.16.
View Our Latest Stock Report on XPO
XPO Profile
(
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.
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