Invesco Ltd. Acquires 425,678 Shares of XPO, Inc. (NYSE:XPO)

Invesco Ltd. lifted its stake in XPO, Inc. (NYSE:XPO - Free Report) by 29.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,863,278 shares of the transportation company's stock after acquiring an additional 425,678 shares during the period. Invesco Ltd. owned approximately 1.60% of XPO worth $244,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of XPO. LPL Financial LLC lifted its position in shares of XPO by 57.3% in the 4th quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock worth $9,738,000 after acquiring an additional 27,034 shares during the period. Stifel Financial Corp raised its stake in shares of XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company's stock valued at $7,569,000 after purchasing an additional 43,237 shares in the last quarter. Neo Ivy Capital Management bought a new position in XPO in the third quarter worth $534,000. Natixis Advisors LLC lifted its position in XPO by 42.8% in the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock worth $8,054,000 after purchasing an additional 18,398 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in XPO during the fourth quarter worth $423,000. Institutional investors own 97.73% of the company's stock.

XPO Trading Down 2.7 %

XPO stock traded down $2.57 during midday trading on Wednesday, hitting $93.21. 182,455 shares of the company's stock were exchanged, compared to its average volume of 1,720,753. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The stock's fifty day moving average price is $115.28 and its 200-day moving average price is $128.45. The company has a market cap of $10.98 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

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 analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has approved a share repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XPO. Oppenheimer decreased their target price on shares of XPO from $176.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. UBS Group lowered their price objective on XPO from $170.00 to $108.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. 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 note on Thursday, March 6th. Bank of America decreased their price target on XPO from $150.00 to $131.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, Raymond James cut their price objective on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $139.89.

Insider Transactions at XPO

In related news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

XPO 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.