Federated Hermes Inc. Reduces Holdings in XPO, Inc. (NYSE:XPO)

Federated Hermes Inc. lessened its stake in XPO, Inc. (NYSE:XPO - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 324,230 shares of the transportation company's stock after selling 42,463 shares during the quarter. Federated Hermes Inc. owned about 0.28% of XPO worth $42,523,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of XPO in the 4th quarter worth $188,808,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of XPO in the fourth quarter valued at about $163,938,000. Life Planning Partners Inc increased its position in XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock worth $109,824,000 after purchasing an additional 830,963 shares during the last quarter. Raymond James Financial Inc. purchased a new position in XPO during the fourth quarter worth about $91,158,000. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in XPO by 140.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 404,835 shares of the transportation company's stock valued at $53,095,000 after purchasing an additional 236,745 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on XPO shares. Raymond James reduced their price target on shares of XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Citigroup reduced their target price on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on XPO from $170.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Bank of America reduced their price objective on shares of XPO from $150.00 to $131.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Barclays decreased their target price on shares of XPO from $150.00 to $135.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $140.16.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates acquired 1,880 shares of the company'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 acquisition, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. The trade was 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 owned by insiders.

XPO Stock Down 3.7 %

Shares of XPO stock traded down $3.61 on Friday, reaching $93.69. 2,098,766 shares of the company were exchanged, compared to its average volume of 1,613,842. The stock's 50 day moving average price is $117.09 and its 200-day moving average price is $128.78. The company has a market cap of $11.03 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, equities analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its Board of Directors has initiated a share buyback plan on Thursday, March 27th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

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.