Prudential Financial Inc. Sells 4,556 Shares of XPO, Inc. (NYSE:XPO)

Prudential Financial Inc. trimmed its position in XPO, Inc. (NYSE:XPO - Free Report) by 43.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,011 shares of the transportation company's stock after selling 4,556 shares during the period. Prudential Financial Inc.'s holdings in XPO were worth $869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of XPO by 57.3% during the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock valued at $9,738,000 after acquiring an additional 27,034 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of XPO by 159.1% in the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company's stock worth $7,569,000 after buying an additional 43,237 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of XPO in the 3rd quarter worth about $534,000. Natixis Advisors LLC grew its position in XPO by 42.8% during the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock valued at $8,054,000 after buying an additional 18,398 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in XPO during the fourth quarter worth about $423,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of XPO from $170.00 to $130.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. UBS Group reduced their price objective on XPO from $170.00 to $108.00 and set a "buy" rating for the company in a report on Tuesday. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research note on Thursday, March 6th. Stephens reiterated an "overweight" rating and set a $171.00 price target on shares of XPO in a research note on Wednesday, March 5th. Finally, Oppenheimer lowered their price objective on XPO from $176.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $140.16.

XPO Price Performance

XPO traded down $3.61 during trading on Friday, reaching $93.69. The stock had a trading volume of 2,098,766 shares, compared to its average volume of 1,610,205. The business has a 50-day moving average of $117.09 and a 200-day moving average of $128.66. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $11.03 billion, a PE ratio of 29.00, a PEG ratio of 1.79 and a beta of 2.05.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping 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, equities research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its board has initiated a stock buyback program on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are 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 acquisition, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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.