Vanguard Group Inc. Acquires 79,393 Shares of XPO, Inc. (NYSE:XPO)

Vanguard Group Inc. raised its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,034,926 shares of the transportation company's stock after buying an additional 79,393 shares during the period. Vanguard Group Inc. owned about 9.48% of XPO worth $1,447,231,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. D1 Capital Partners L.P. raised its stake in shares of 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 valued at $506,484,000 after purchasing an additional 2,153,042 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in XPO during the 4th quarter worth $163,938,000. Life Planning Partners Inc lifted its holdings in XPO by 12,923.2% in the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock worth $109,824,000 after buying an additional 830,963 shares in the last quarter. Raymond James Financial Inc. purchased a new position in XPO in the 4th quarter valued at about $91,158,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of XPO by 239.5% during the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company's stock valued at $59,486,000 after acquiring an additional 390,320 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at XPO

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

XPO Price Performance

Shares of XPO traded down $0.90 during trading hours on Monday, hitting $106.20. 468,892 shares of the company were exchanged, compared to its average volume of 1,541,789. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $12.45 billion, a PE ratio of 32.78, a PEG ratio of 1.79 and a beta of 2.13. The firm has a fifty day simple moving average of $125.98 and a 200-day simple moving average of $129.96. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating 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, sell-side analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Raymond James reduced their price target on XPO from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Vertical Research raised shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research report on Thursday, March 6th. Susquehanna cut their price target on shares of XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a report on Monday. Oppenheimer raised their price objective on shares of XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus raised shares of XPO from a "hold" rating to a "buy" rating and set a $147.00 price target on the stock in a research report on Monday, February 24th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $153.16.

About XPO

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.