MetLife Investment Management LLC lifted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,617 shares of the transportation company's stock after purchasing an additional 5,292 shares during the period. MetLife Investment Management LLC owned about 0.06% of XPO worth $9,261,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of XPO. Versant Capital Management Inc purchased a new stake in shares of XPO during the fourth quarter worth about $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of XPO during the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. increased its stake in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Truist Financial dropped their price objective on shares of XPO from $130.00 to $125.00 and set a "buy" rating for the company in a research note on Thursday. Benchmark upped their price objective on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Oppenheimer dropped their price objective on shares of XPO from $176.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Bank of America dropped their price objective on shares of XPO from $150.00 to $131.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of XPO in a research note on Friday, March 7th. They set a "buy" rating and a $156.00 price objective for the company. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO presently has an average rating of "Buy" and a consensus target price of $139.63.
Check Out Our Latest Stock Report on XPO
Insiders Place Their Bets
In related news, COO David J. Bates purchased 1,880 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought 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 directly owns 21,106 shares in the company, valued at $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 SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.
XPO Stock Down 7.2 %
Shares of NYSE:XPO traded down $7.45 during trading on Friday, hitting $96.27. The company's stock had a trading volume of 3,939,726 shares, compared to its average volume of 1,612,931. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The business has a 50 day moving average price of $107.50 and a two-hundred day moving average price of $128.03. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $11.34 billion, a PE ratio of 29.80, a P/E/G ratio of 1.79 and a beta of 2.05.
XPO (NYSE:XPO - Get Free Report) last released 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%. As a group, research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.
XPO declared that its board has initiated a stock buyback program on Thursday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.
XPO Profile
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Free Report)
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.
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