Cannell & Spears LLC Cuts Stock Position in XPO, Inc. (NYSE:XPO)

Cannell & Spears LLC reduced its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 15.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 399,019 shares of the transportation company's stock after selling 73,718 shares during the quarter. XPO makes up about 1.1% of Cannell & Spears LLC's holdings, making the stock its 26th biggest holding. Cannell & Spears LLC owned about 0.34% of XPO worth $52,331,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake 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. UMB Bank n.a. lifted its position in XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after buying an additional 86 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of XPO by 1.3% during the 4th quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock valued at $1,044,000 after buying an additional 100 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company's stock worth $245,000 after buying an additional 107 shares during the period. Finally, Greenleaf Trust increased its stake in shares of XPO by 5.0% in the 4th quarter. Greenleaf Trust now owns 2,374 shares of the transportation company's stock worth $311,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have weighed in on XPO. Stephens reaffirmed an "overweight" rating and set a $171.00 target price on shares of XPO in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft started coverage on XPO in a research note on Friday, March 7th. They set a "buy" rating and a $156.00 price objective for the company. Oppenheimer increased their target price on XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Benchmark lifted their price target on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group increased their price objective on shares of XPO from $150.00 to $167.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $153.16.

Insider Buying and Selling at XPO

In related news, COO David J. Bates acquired 1,880 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased 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 in the company, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

XPO Stock Performance

XPO stock traded up $1.58 during mid-day trading on Tuesday, reaching $109.16. 1,260,812 shares of the stock traded hands, compared to its average volume of 1,548,531. XPO, Inc. has a 12-month low of $97.03 and a 12-month high of $161.00. The business's 50-day moving average is $124.79 and its 200-day moving average is $129.96. 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 stock has a market capitalization of $12.80 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. As a group, sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

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.