LPL Financial LLC Increases Stake in XPO, Inc. (NYSE:XPO)

LPL Financial LLC grew its position in XPO, Inc. (NYSE:XPO - Free Report) by 57.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,250 shares of the transportation company's stock after acquiring an additional 27,034 shares during the period. LPL Financial LLC owned about 0.06% of XPO worth $9,738,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in XPO during the fourth quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of XPO during the 4th quarter valued at approximately $42,000. Cullen Frost Bankers Inc. lifted its position in shares of XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after buying an additional 130 shares in the last quarter. Larson Financial Group LLC grew 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 valued at $49,000 after acquiring an additional 76 shares during the period. Finally, UMB Bank n.a. increased its holdings in XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after acquiring an additional 86 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO David J. Bates acquired 1,880 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased 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 of the company's stock, valued at $2,240,612.96. This 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 is available at the SEC website. 2.00% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XPO. Oppenheimer dropped 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. Citigroup lowered their price objective on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday. Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a report on Thursday, March 6th. Stephens reaffirmed an "overweight" rating and issued a $171.00 price target on shares of XPO in a research note on Wednesday, March 5th. Finally, Bank of America dropped their price target on XPO from $150.00 to $131.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $140.16.

XPO Trading Up 15.0 %

Shares of NYSE XPO traded up $13.73 during mid-day trading on Wednesday, reaching $105.19. 5,503,104 shares of the company's stock were exchanged, compared to its average volume of 1,596,956. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 1.79 and a beta of 2.05. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The company's 50-day moving average is $118.47 and its 200-day moving average is $128.92. 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 announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. Analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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