XPO, Inc. (NYSE:XPO) Stock Position Reduced by Cannell & Spears LLC

Cannell & Spears LLC reduced its position in shares of XPO, Inc. (NYSE:XPO) by 15.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 399,019 shares of the transportation company’s stock after selling 73,718 shares during the quarter. XPO makes up about 1.1% of Cannell & Spears LLC’s investment portfolio, making the stock its 26th biggest position. Cannell & Spears LLC’s holdings in XPO were worth $52,331,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in XPO. Versant Capital Management Inc bought a new stake in XPO during the fourth quarter valued at $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO during the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. raised its stake in XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after acquiring an additional 130 shares during the period. Larson Financial Group LLC lifted its holdings in XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after acquiring an additional 76 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in 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 acquiring an additional 86 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO David J. Bates purchased 1,880 shares of the company’s 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 represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XPO. JPMorgan Chase & Co. increased their price target on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Stephens reaffirmed an “overweight” rating and issued a $171.00 target price on shares of XPO in a research report on Wednesday, March 5th. Truist Financial assumed coverage on shares of XPO in a report on Thursday, March 13th. They set a “buy” rating and a $130.00 price target for the company. Bank of America lowered their price target on shares of XPO from $150.00 to $131.00 and set a “buy” rating for the company in a research report on Friday. Finally, Barclays cut their price objective on shares of XPO from $165.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, XPO currently has a consensus rating of “Buy” and a consensus price target of $155.37.

XPO Trading Down 5.2 %

Shares of XPO stock opened at $107.36 on Monday. The business has a fifty day simple moving average of $125.98 and a 200-day simple moving average of $129.96. 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 cap of $12.59 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last issued its quarterly earnings results 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 net margin of 4.81% and a return on equity of 30.36%. On average, equities analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its Board of Directors has initiated a share repurchase program on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.