Russell Investments Group Ltd. Sells 23,390 Shares of XPO, Inc. (NYSE:XPO)

Russell Investments Group Ltd. cut its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 19.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,115 shares of the transportation company's stock after selling 23,390 shares during the period. Russell Investments Group Ltd. owned about 0.09% of XPO worth $12,999,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in XPO during the 4th quarter worth about $188,808,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in XPO in the fourth quarter valued at approximately $163,938,000. Life Planning Partners Inc grew its stake in XPO by 12,923.2% in the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock valued at $109,824,000 after purchasing an additional 830,963 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of XPO during the 4th quarter worth approximately $91,158,000. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of XPO by 140.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 404,835 shares of the transportation company's stock worth $53,095,000 after purchasing an additional 236,745 shares in the last quarter. Institutional investors own 97.73% of the company's stock.

XPO Price Performance

Shares of XPO traded down $2.17 during trading hours on Wednesday, reaching $93.62. The stock had a trading volume of 163,806 shares, compared to its average volume of 1,609,224. The stock has a market capitalization of $11.03 billion, a PE ratio of 28.98, a PEG ratio of 1.79 and a beta of 2.05. XPO, Inc. has a 12 month low of $85.06 and a 12 month 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 company's 50-day moving average is $115.28 and its two-hundred day moving average is $128.45.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating 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%. Research analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its Board of Directors has initiated a share buyback program on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Oppenheimer lowered their target price on shares of XPO from $176.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Stephens restated an "overweight" rating and set a $171.00 price objective on shares of XPO in a research note on Wednesday, March 5th. UBS Group reduced their price target on XPO from $170.00 to $108.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Citigroup decreased their price objective on shares of XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Truist Financial assumed coverage on XPO in a report on Thursday, March 13th. They set a "buy" rating and a $130.00 price target for the company. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $139.89.

Insider Buying and Selling at XPO

In related news, COO David J. Bates acquired 1,880 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company's stock.

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.