Clearbridge Investments LLC Lowers Position in XPO, Inc. (NYSE:XPO)

Clearbridge Investments LLC reduced its position in XPO, Inc. (NYSE:XPO) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,657,361 shares of the transportation company’s stock after selling 95,007 shares during the quarter. Clearbridge Investments LLC’s holdings in XPO were worth $348,513,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. California Public Employees Retirement System grew its position in shares of XPO by 18.6% during the fourth quarter. California Public Employees Retirement System now owns 179,267 shares of the transportation company’s stock worth $23,511,000 after buying an additional 28,084 shares in the last quarter. Okabena Investment Services Inc. lifted its holdings in XPO by 81.7% in the fourth quarter. Okabena Investment Services Inc. now owns 8,107 shares of the transportation company’s stock worth $1,063,000 after acquiring an additional 3,646 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in XPO by 6.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 15,786 shares of the transportation company’s stock worth $2,070,000 after buying an additional 1,015 shares during the last quarter. X Square Capital LLC grew its position in shares of XPO by 0.9% during the fourth quarter. X Square Capital LLC now owns 22,545 shares of the transportation company’s stock worth $2,957,000 after acquiring an additional 192 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in XPO during the 4th quarter valued at about $1,579,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling

In related news, COO David J. Bates acquired 1,880 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

XPO Trading Down 5.2 %

Shares of NYSE XPO opened at $107.36 on Friday. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The firm has a market capitalization of $12.59 billion, a P/E ratio of 33.24, a P/E/G ratio of 1.79 and a beta of 2.13. 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 $125.98 and its 200 day simple moving average is $129.77.

XPO (NYSE:XPO) last posted its quarterly 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%. On average, analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its board has authorized a share repurchase plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XPO shares. Bank of America cut their price objective on shares of XPO from $150.00 to $131.00 and set a “buy” rating on the stock in a research note on Friday. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research note on Monday, February 24th. Susquehanna upgraded shares of XPO from a “neutral” rating to a “positive” rating and raised their target price for the stock from $155.00 to $180.00 in a report on Friday, February 7th. Benchmark lifted their price target on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Truist Financial assumed coverage on XPO in a research note on Thursday, March 13th. They set a “buy” rating and a $130.00 target price on the stock. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO has an average rating of “Buy” and an average target price of $155.37.

XPO Company 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.