Massachusetts Financial Services Co. MA Has $165.07 Million Position in XPO, Inc. (NYSE:XPO)

Massachusetts Financial Services Co. MA decreased its position in XPO, Inc. (NYSE:XPO - Free Report) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,258,604 shares of the transportation company's stock after selling 278,922 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.08% of XPO worth $165,066,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in XPO. Versant Capital Management Inc acquired a new position in XPO in the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of XPO in the fourth quarter valued at about $42,000. Cullen Frost Bankers Inc. increased its position in XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after acquiring an additional 130 shares during the period. Larson Financial Group LLC boosted its holdings in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after purchasing an additional 76 shares during the period. Finally, UMB Bank n.a. boosted its holdings in XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after purchasing an additional 86 shares during the period. Institutional investors own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Stephens reiterated an "overweight" rating and issued a $171.00 price target on shares of XPO in a research report on Wednesday, March 5th. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group upped their target price on XPO from $150.00 to $167.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Oppenheimer decreased their price target on XPO from $176.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Jefferies Financial Group increased their price objective on shares of XPO from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO presently has a consensus rating of "Buy" and a consensus target price of $150.58.

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XPO Trading Up 0.4 %

Shares of NYSE XPO traded up $0.41 during trading on Monday, reaching $91.96. The company had a trading volume of 2,322,569 shares, compared to its average volume of 1,574,079. The stock has a market cap of $10.78 billion, a P/E ratio of 28.47, a PEG ratio of 1.79 and a beta of 2.05. The company's fifty day moving average price is $122.48 and its 200-day moving average price is $129.73. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a 12 month low of $83.53 and a 12 month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

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

Insider Activity

In other news, COO David J. Bates purchased 1,880 shares of the business's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now owns 21,106 shares of the company's stock, valued at $2,240,612.96. The trade was a 9.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company's stock.

XPO Company 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.