Neuberger Berman Group LLC Purchases 153,574 Shares of XPO, Inc. (NYSE:XPO)

Neuberger Berman Group LLC raised its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 72.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 364,611 shares of the transportation company's stock after acquiring an additional 153,574 shares during the period. Neuberger Berman Group LLC owned approximately 0.31% of XPO worth $47,819,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Renaissance Technologies LLC boosted its position in shares of XPO by 40.0% in the fourth quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock valued at $31,138,000 after acquiring an additional 67,800 shares during the period. Invesco Ltd. boosted its holdings in XPO by 29.6% in the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock valued at $244,369,000 after purchasing an additional 425,678 shares during the period. FMR LLC grew its position in XPO by 3.6% in the 4th quarter. FMR LLC now owns 2,606,265 shares of the transportation company's stock worth $341,812,000 after purchasing an additional 91,252 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of XPO by 8.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 106,524 shares of the transportation company's stock worth $13,971,000 after purchasing an additional 7,936 shares during the period. Finally, Perennial Investment Advisors LLC raised its position in shares of XPO by 8.3% during the fourth quarter. Perennial Investment Advisors LLC now owns 2,099 shares of the transportation company's stock valued at $275,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Down 2.3 %

Shares of XPO stock traded down $2.25 during mid-day trading on Tuesday, reaching $95.21. 409,032 shares of the company's stock traded hands, compared to its average volume of 1,609,583. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The company's 50-day moving average price is $116.30 and its 200-day moving average price is $128.68. The company has a market cap of $11.21 billion, a P/E ratio of 29.48, a P/E/G ratio of 1.79 and a beta of 2.05. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, equities analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has authorized a share buyback plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to buy up to 5.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at XPO

In other news, COO David J. Bates bought 1,880 shares of the company's stock in a transaction dated 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 completion of the purchase, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XPO. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research report on Friday, March 7th. They issued a "buy" rating and a $156.00 price objective for the company. Truist Financial started coverage on shares of XPO in a research note on Thursday, March 13th. They issued a "buy" rating and a $130.00 target price on the stock. Oppenheimer dropped their price objective on XPO from $176.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Bank of America cut their target price on XPO from $150.00 to $131.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Thursday, March 6th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $139.89.

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.