2 weeks Ago By Defense World Staff
Cerity Partners LLC lowered its stake in shares of XPO, Inc. (NYSE:XPO – Free Report) by 15.9% in the fourth quarter, according to its most recent 13F filing with the SEC.
The fund owned 2,969 shares of the transportation company’s stock after selling 562 shares during the period. Cerity Partners LLC’s holdings in XPO were worth $357,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also modified their holdings of XPO.
FMR LLC raised its position in XPO by 3.6% during the fourth quarter. FMR LLC now owns 2,606,265 shares of the transportation company’s stock valued at $341,812,000 after acquiring an additional 91,252 shares in the last quarter.
Envestnet Asset Management Inc. increased its holdings in shares of XPO by 8.0% during the 4th quarter.
Envestnet Asset Management Inc. now owns 106,524 shares of the transportation company’s stock valued at $13,971,000 after purchasing an additional 7,936 shares in the last quarter. Perennial Investment Advisors LLC lifted its stake in shares of XPO by 8.
3% in the 4th quarter. Perennial Investment Advisors LLC now owns 2,099 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 160 shares during the period. Motley Fool Asset Management LLC acquired a new position in shares of XPO in the 4th quarter valued at $225,000.
Finally, Bryce Point Capital LLC purchased a new stake in XPO during the fourth quarter worth $500,000. Institutional investors and hedge funds own 97.73% of the company’s stock.
Insider Buying and Selling at XPOIn other news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $106.
16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.
96. This represents a 9.78 % increase in their ownership of the stock.
The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.
Analyst Upgrades and DowngradesA number of research analysts have weighed in on the stock. UBS Group decreased their price objective on shares of XPO from $170.00 to $108.
00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Barclays reduced their price target on XPO from $150.00 to $135.
00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Wells Fargo & Company lowered their price target on XPO from $170.00 to $130.
00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Oppenheimer cut their price objective on XPO from $176.00 to $142.
00 and set an “outperform” rating for the company in a research report on Friday, April 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a research note on Friday, March 7th. They issued a “buy” rating and a $156.
00 price target on the stock. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $139.
89.Check Out Our Latest Stock Report on XPOXPO Stock PerformanceShares of XPO stock opened at $96.33 on Wednesday.
The business’s 50 day moving average price is $110.21 and its 200 day moving average price is $128.06.
The company has a market cap of $11.35 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.
79 and a beta of 2.05. 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, Inc. has a one year low of $85.06 and a one year high of $161.
00. XPO (NYSE:XPO – Get Free Report) last announced its quarterly 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, research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.
XPO announced that its board has approved a share buyback 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 buy up to 5.
7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued. 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.Further ReadingFive stocks we like better than XPOInvesting in Commodities: What Are They? How to Invest in ThemHow to Invest in Micro-Cap Stocks Like a ProHow to Capture the Benefits of Dividend IncreasesInvestors Sell Microsoft Stock on OpenAI News—Time to Buy? High Dividend REITs: Are They an Ideal Way to Diversify?Take-Two Interactive: A Defensive Play Set to ExplodeWant to see what other hedge funds are holding XPO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for XPO, Inc. (NYSE:XPO – Free Report)..
