Teacher Retirement System of Texas Decreases Stake in XPO, Inc. (NYSE:XPO)

Teacher Retirement System of Texas cut its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 43.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,217 shares of the transportation company's stock after selling 10,982 shares during the quarter. Teacher Retirement System of Texas' holdings in XPO were worth $1,865,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in XPO. Xponance Inc. increased its holdings in shares of XPO by 3.4% in the fourth quarter. Xponance Inc. now owns 23,487 shares of the transportation company's stock worth $3,080,000 after buying an additional 778 shares during the period. South Street Advisors LLC purchased a new position in shares of XPO in the fourth quarter valued at about $228,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of XPO by 9.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,772 shares of the transportation company's stock worth $1,019,000 after purchasing an additional 703 shares during the last quarter. Natixis Advisors LLC lifted its holdings in XPO by 42.8% in the 4th quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock worth $8,054,000 after buying an additional 18,398 shares during the period. Finally, Catalyst Funds Management Pty Ltd raised its holdings in shares of XPO by 975.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 19,350 shares of the transportation company's stock valued at $2,538,000 after acquiring an additional 17,550 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

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XPO Stock Performance

XPO stock traded down $5.85 during trading on Friday, reaching $107.36. The company had a trading volume of 1,722,581 shares, compared to its average volume of 1,545,963. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. 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 firm's 50-day simple moving average is $125.98 and its 200 day simple moving average is $129.77. XPO, Inc. has a 52 week low of $97.03 and a 52 week 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, 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%. Sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has authorized a stock buyback program on Thursday, March 27th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In other XPO news, COO David J. Bates purchased 1,880 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, the chief operating officer now 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Bank of America reduced their target price on XPO from $150.00 to $131.00 and set a "buy" rating on the stock in a report on Friday. Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Thursday, March 6th. Jefferies Financial Group boosted their price target on XPO from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Barclays reduced their price objective on XPO from $165.00 to $150.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Finally, Truist Financial assumed coverage on shares of XPO in a research note on Thursday, March 13th. They set a "buy" rating and a $130.00 target price on the stock. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $155.37.

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.