XPO, Inc. (NYSE:XPO) Stake Lowered by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its stake in XPO, Inc. (NYSE:XPO) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,847 shares of the transportation company’s stock after selling 240 shares during the period. Sterling Capital Management LLC’s holdings in XPO were worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in XPO in the fourth quarter worth $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in XPO in the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. boosted 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 valued at $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC grew its position in XPO by 25.6% in 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 last quarter. Finally, UMB Bank n.a. increased its stake in shares of XPO by 19.0% in the fourth 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 and hedge funds own 97.73% of the company’s stock.

XPO Stock Performance

Shares of XPO opened at $96.67 on Monday. The company has a 50-day moving average of $112.17 and a two-hundred day moving average of $128.37. The stock has a market cap of $11.39 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.79 and a beta of 2.05. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick 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) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping 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, equities research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its board has initiated a share repurchase plan on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, COO David J. Bates acquired 1,880 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on XPO. Oppenheimer reduced 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. Wells Fargo & Company decreased their price target on XPO from $170.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Vertical Research upgraded shares of 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. Stifel Nicolaus decreased their target price on shares of XPO from $147.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, UBS Group lowered their target price on shares of XPO from $170.00 to $108.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $139.89.

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.