Groupama Asset Managment Has $50.40 Million Holdings in XPO, Inc. (NYSE:XPO)

Groupama Asset Managment increased its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 31.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 380,149 shares of the transportation company's stock after acquiring an additional 90,388 shares during the quarter. Groupama Asset Managment owned approximately 0.33% of XPO worth $50,404,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of XPO. Vanguard Group Inc. raised its position in shares of XPO by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company's stock worth $1,447,231,000 after purchasing an additional 79,393 shares during the period. State Street Corp increased its position in XPO by 1.1% in the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company's stock worth $373,903,000 after buying an additional 37,486 shares during the period. Norges Bank bought a new stake in XPO in the fourth quarter valued at $188,808,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of XPO during the fourth quarter valued at $163,938,000. Finally, Life Planning Partners Inc grew its position in shares of 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 acquiring an additional 830,963 shares during the last quarter. Institutional investors own 97.73% of the company's stock.

Analysts Set New Price Targets

XPO has been the subject of several recent analyst reports. Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a report on Friday, March 7th. They issued a "buy" rating and a $156.00 price objective for the company. Jefferies Financial Group lifted their target price on XPO from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Stephens reissued an "overweight" rating and issued a $171.00 price target on shares of XPO in a research note on Wednesday, March 5th. Finally, Susquehanna lowered their price target on XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a report on Monday. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, XPO presently has an average rating of "Buy" and an average price target of $152.37.

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Insider Transactions at XPO

In related news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The stock was acquired 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 of the company's stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

XPO Trading Up 2.1 %

Shares of XPO stock traded up $2.28 on Wednesday, reaching $111.46. 965,555 shares of the company were exchanged, compared to its average volume of 1,549,416. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 34.51, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The stock has a fifty day moving average price of $124.29 and a 200-day moving average price of $129.83.

XPO (NYSE:XPO - Get Free Report) last posted 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%. On average, analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its board has initiated a share repurchase program on Thursday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to buy up to 5.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

About XPO

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.