XPO, Inc. (NYSE:XPO) Shares Sold by Vestcor Inc

Vestcor Inc cut its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,200 shares of the transportation company's stock after selling 12,500 shares during the quarter. Vestcor Inc's holdings in XPO were worth $2,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in XPO by 25.6% during the 4th 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 last quarter. UMB Bank n.a. increased its stake in shares of XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after acquiring an additional 86 shares during the period. Coldstream Capital Management Inc. raised its holdings in XPO by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company's stock worth $245,000 after purchasing an additional 107 shares in the last quarter. Greenleaf Trust lifted its position in XPO by 5.0% in the fourth quarter. Greenleaf Trust now owns 2,374 shares of the transportation company's stock valued at $311,000 after purchasing an additional 114 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in XPO by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company's stock valued at $359,000 after purchasing an additional 116 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 news, COO David J. Bates bought 1,880 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XPO. The Goldman Sachs Group increased their target price on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Oppenheimer increased their price objective on XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Stifel Nicolaus upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $147.00 target price on the stock in a research report on Monday, February 24th. Barclays lowered their price target on shares of XPO from $165.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Finally, Wells Fargo & Company reduced their price objective on shares of XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO currently has an average rating of "Buy" and a consensus target price of $158.47.

XPO Price Performance

XPO stock traded down $2.17 during mid-day trading on Tuesday, hitting $109.09. 1,162,101 shares of the company were exchanged, compared to its average volume of 1,489,790. XPO, Inc. has a 12-month low of $97.03 and a 12-month high of $161.00. The company has a market capitalization of $12.79 billion, a P/E ratio of 33.77, a PEG ratio of 1.79 and a beta of 2.13. The business's 50 day simple moving average is $130.68 and its two-hundred day simple moving average is $129.78. 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 (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, topping analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

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.