Pinebridge Investments L.P. Purchases 9,156 Shares of XPO, Inc. (NYSE:XPO)

Pinebridge Investments L.P. grew its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,589 shares of the transportation company's stock after purchasing an additional 9,156 shares during the period. Pinebridge Investments L.P.'s holdings in XPO were worth $4,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in shares of XPO during the 4th quarter valued at about $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of XPO in the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. boosted its holdings in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after buying an additional 130 shares during the period. Larson Financial Group LLC boosted its holdings in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after buying an additional 76 shares during the period. Finally, UMB Bank n.a. boosted its holdings 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. Institutional investors own 97.73% of the company's stock.

XPO Stock Up 1.2 %

XPO traded up $1.19 during midday trading on Monday, hitting $97.61. 2,949,459 shares of the company's stock traded hands, compared to its average volume of 1,618,278. The company has a market cap of $11.50 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The stock's fifty day simple moving average is $106.70 and its 200-day simple moving average is $127.90. 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, Inc. has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. As a group, equities analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its board has initiated a share buyback plan on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, COO David J. Bates purchased 1,880 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. The trade was 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 accessible through this hyperlink. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

XPO has been the subject of several recent analyst reports. Raymond James decreased their target price on shares of XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Barclays decreased their target price on shares of XPO from $150.00 to $135.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Bank of America decreased their target price on shares of XPO from $150.00 to $131.00 and set a "buy" rating for the company in a report on Friday, March 28th. Stifel Nicolaus decreased their target price on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Truist Financial reduced their price target on shares of XPO from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO currently has an average rating of "Buy" and a consensus price target of $139.63.

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.