United Capital Financial Advisors LLC decreased its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,501 shares of the transportation company's stock after selling 2,637 shares during the quarter. United Capital Financial Advisors LLC's holdings in XPO were worth $853,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Versant Capital Management Inc acquired a new position in shares of XPO in the fourth quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO in the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. grew its stake in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC increased its holdings in 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 purchasing an additional 76 shares during the period. Finally, UMB Bank n.a. raised its position 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 in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.
XPO Stock Performance
Shares of XPO stock traded up $3.58 during mid-day trading on Wednesday, hitting $100.00. The stock had a trading volume of 2,275,210 shares, compared to its average volume of 1,617,864. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. 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 company's 50-day simple moving average is $110.21 and its 200-day simple moving average is $128.06. The firm has a market cap of $11.78 billion, a PE ratio of 30.96, a PEG ratio of 1.79 and a beta of 2.05.
XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. Sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.
XPO announced that its Board of Directors has approved a share repurchase plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.
Analysts Set New Price Targets
Several research firms have commented on XPO. Wells Fargo & Company lowered their price target on shares of XPO from $170.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Stephens reissued an "overweight" rating and issued a $171.00 target price on shares of XPO in a report on Wednesday, March 5th. Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a report on Thursday, March 6th. Benchmark upped their price objective on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, UBS Group cut their target price on XPO from $170.00 to $108.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $139.89.
Read Our Latest Stock Analysis on XPO
Insider Buying and Selling
In other news, COO David J. Bates bought 1,880 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the acquisition, the chief operating officer now 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by insiders.
About XPO
(
Free Report)
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.
Featured Articles
Before you consider XPO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and XPO wasn't on the list.
While XPO currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
