Okabena Investment Services Inc. Has $1.06 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

Okabena Investment Services Inc. increased its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 81.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,107 shares of the transportation company's stock after acquiring an additional 3,646 shares during the quarter. Okabena Investment Services Inc.'s holdings in XPO were worth $1,063,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of XPO. D1 Capital Partners L.P. raised its position in shares of XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock valued at $506,484,000 after buying an additional 2,153,042 shares in the last quarter. Norges Bank bought a new stake in shares of XPO during the 4th quarter valued at $188,808,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of XPO during the 4th quarter worth $163,938,000. Life Planning Partners Inc increased its position in shares of XPO by 12,923.2% in the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock worth $109,824,000 after purchasing an additional 830,963 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in XPO in the fourth quarter valued at about $91,158,000. Institutional investors own 97.73% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on XPO shares. The Goldman Sachs Group increased their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Vertical Research raised shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. upped their target price on XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft assumed coverage on XPO in a research note on Friday, March 7th. They issued a "buy" rating and a $156.00 price target on the stock. Finally, Barclays reduced their price objective on XPO from $165.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO has an average rating of "Buy" and a consensus price target of $153.16.

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Insiders Place Their Bets

In related news, COO David J. Bates acquired 1,880 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company's stock.

XPO Trading Up 1.5 %

Shares of XPO traded up $1.58 during trading hours on Tuesday, hitting $109.16. 1,260,807 shares of the stock were exchanged, compared to its average volume of 1,545,193. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The business has a 50-day moving average of $125.37 and a 200-day moving average of $129.96. The firm has a market capitalization of $12.80 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. On average, research analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

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