FIL Ltd Decreases Holdings in XPO, Inc. (NYSE:XPO)

FIL Ltd cut its stake in XPO, Inc. (NYSE:XPO - Free Report) by 61.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 626,793 shares of the transportation company's stock after selling 1,015,702 shares during the quarter. FIL Ltd owned about 0.54% of XPO worth $82,204,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in XPO in the fourth quarter valued at about $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO in the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. grew its position in shares of XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after buying an additional 130 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of 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 acquiring an additional 76 shares in the last quarter. Finally, 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 acquiring an additional 86 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on XPO. Bank of America cut their price target on shares of XPO from $150.00 to $131.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Raymond James reduced their target price on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group lowered their price target on XPO from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Stephens restated an "overweight" rating and set a $171.00 price objective on shares of XPO in a report on Wednesday, March 5th. Finally, Truist Financial began coverage on shares of XPO in a research report on Thursday, March 13th. They issued a "buy" rating and a $130.00 price objective for the company. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO presently has an average rating of "Buy" and a consensus target price of $139.89.

Insider Buying and Selling 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 purchased at an average cost of $106.16 per share, for a total transaction 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. The trade was a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

XPO Stock Performance

XPO stock traded down $1.24 during midday trading on Tuesday, hitting $96.22. 312,760 shares of the company were exchanged, compared to its average volume of 1,729,580. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The firm has a market capitalization of $11.33 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The business has a fifty day simple moving average of $116.30 and a two-hundred day simple moving average of $128.68. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

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

XPO announced that its Board of Directors has approved a stock repurchase plan on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

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.