Primecap Management Co. CA lessened its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 542,200 shares of the transportation company's stock after selling 8,900 shares during the period. Primecap Management Co. CA owned 0.47% of XPO worth $71,110,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of XPO. Versant Capital Management Inc acquired a new stake in XPO in the fourth quarter worth $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in XPO in the fourth quarter worth $42,000. Cullen Frost Bankers Inc. grew its holdings in 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 purchasing an additional 130 shares during the period. Larson Financial Group LLC grew its holdings in 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 purchasing an additional 76 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in XPO in the third quarter worth $57,000. Institutional investors own 97.73% of the company's stock.
Insider Activity
In other XPO news, COO David J. Bates purchased 1,880 shares of the 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 completion of the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company's stock.
XPO Stock Performance
XPO stock traded up $0.53 during mid-day trading on Friday, hitting $108.49. The company had a trading volume of 2,894,990 shares, compared to its average volume of 1,498,235. The firm has a market cap of $12.72 billion, a PE ratio of 33.59, 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 quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. The stock's fifty day moving average price is $128.54 and its two-hundred day moving average price is $129.42.
XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.81% and a return on equity of 30.36%. On average, analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. 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 report on Thursday, March 6th. Susquehanna upgraded shares of XPO from a "neutral" rating to a "positive" rating and lifted their price objective for the company from $155.00 to $180.00 in a report on Friday, February 7th. The Goldman Sachs Group lifted their price objective on shares of XPO from $150.00 to $167.00 and gave the company a "buy" rating in a report on Thursday, December 12th. UBS Group lifted their price objective on shares of XPO from $159.00 to $170.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Bank of America reduced their price objective on shares of XPO from $170.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO has a consensus rating of "Buy" and an average price target of $158.47.
Read Our Latest Stock Analysis on XPO
About XPO
(
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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