KLP Kapitalforvaltning AS Acquires Shares of 23,700 XPO, Inc. (NYSE:XPO)

KLP Kapitalforvaltning AS bought a new position in XPO, Inc. (NYSE:XPO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 23,700 shares of the transportation company's stock, valued at approximately $3,108,000.

Several other institutional investors have also made changes to their positions in XPO. Larson Financial Group LLC boosted its stake in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares during the period. UMB Bank n.a. boosted its position in shares of XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after buying an additional 86 shares during the period. First Eagle Investment Management LLC grew its holdings 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 buying an additional 100 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of XPO by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company's stock valued at $245,000 after buying an additional 107 shares in the last quarter. Finally, Greenleaf Trust raised its position in XPO by 5.0% during the fourth quarter. Greenleaf Trust now owns 2,374 shares of the transportation company's stock valued at $311,000 after buying an additional 114 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other news, COO David J. Bates acquired 1,880 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on XPO from $150.00 to $167.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of XPO in a research report on Friday, March 7th. They set a "buy" rating and a $156.00 price objective on the stock. Stephens reiterated an "overweight" rating and issued a $171.00 target price on shares of XPO in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on shares of XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Finally, Susquehanna upgraded XPO from a "neutral" rating to a "positive" rating and increased their price objective for the stock from $155.00 to $180.00 in a report on Friday, February 7th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $155.37.

XPO Stock Performance

Shares of XPO stock traded down $5.85 during mid-day trading on Friday, reaching $107.36. The stock had a trading volume of 1,722,581 shares, compared to its average volume of 1,545,963. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The firm has a market cap of $12.59 billion, a PE ratio of 33.24, a P/E/G ratio of 1.79 and a beta of 2.13. The firm's 50 day simple moving average is $125.98 and its 200 day simple moving average is $129.96. 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 (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 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%. On average, analysts forecast that XPO, Inc. will post 4.15 EPS for the current 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 shares. This buyback authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

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.