Sei Investments Co. Decreases Stake in XPO, Inc. (NYSE:XPO)

Sei Investments Co. decreased its stake in XPO, Inc. (NYSE:XPO - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 107,574 shares of the transportation company's stock after selling 46,205 shares during the quarter. Sei Investments Co. owned about 0.09% of XPO worth $14,108,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. D1 Capital Partners L.P. boosted its stake in XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock worth $506,484,000 after buying an additional 2,153,042 shares during the period. State Street Corp lifted its holdings in shares of XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company's stock worth $373,903,000 after acquiring an additional 37,486 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in XPO during the 4th quarter valued at about $163,938,000. Life Planning Partners Inc grew its holdings in XPO by 12,923.2% during the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock valued at $109,824,000 after purchasing an additional 830,963 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company's stock worth $75,131,000 after purchasing an additional 185,686 shares during the period. Institutional investors own 97.73% of the company's stock.

Insider Activity at XPO

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost 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 approximately $2,240,612.96. This represents a 9.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

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XPO Stock Up 2.1 %

Shares of XPO traded up $2.28 during trading hours on Wednesday, hitting $111.46. The company had a trading volume of 965,555 shares, compared to its average volume of 1,549,416. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $13.07 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The company's fifty day moving average price is $124.29 and its two-hundred day moving average price is $129.83.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping analysts' consensus estimates 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 forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has authorized a share buyback program on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

XPO has been the subject of several recent analyst reports. Benchmark boosted their target price on XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Raymond James dropped their price objective on XPO from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. increased 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. Oppenheimer boosted their target price on shares of XPO from $148.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company cut their price target on shares of XPO from $170.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $152.37.

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.