Pictet Asset Management Holding SA Purchases 1,015 Shares of XPO, Inc. (NYSE:XPO)

Pictet Asset Management Holding SA lifted its position in XPO, Inc. (NYSE:XPO) by 6.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,786 shares of the transportation company’s stock after purchasing an additional 1,015 shares during the quarter. Pictet Asset Management Holding SA’s holdings in XPO were worth $2,070,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of XPO. X Square Capital LLC boosted its stake in XPO by 0.9% in the fourth quarter. X Square Capital LLC now owns 22,545 shares of the transportation company’s stock worth $2,957,000 after buying an additional 192 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of XPO in the 4th quarter valued at $1,579,000. Norges Bank bought a new position in shares of XPO during the 4th quarter valued at $188,808,000. Murphy & Mullick Capital Management Corp purchased a new position in XPO in the 4th quarter worth $83,000. Finally, Vanguard Group Inc. lifted its stake in XPO by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock worth $1,447,231,000 after purchasing an additional 79,393 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Down 4.7 %

XPO stock opened at $91.54 on Friday. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The business’s 50 day moving average price is $122.48 and its two-hundred day moving average price is $129.47. 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 (NYSE:XPO) last issued its quarterly earnings results 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 return on equity of 30.36% and a net margin of 4.81%. As a group, analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has initiated a stock buyback plan on Thursday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at XPO

In other XPO news, COO David J. Bates acquired 1,880 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the purchase, 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

XPO has been the topic of a number of recent research reports. Stephens reaffirmed an “overweight” rating and set a $171.00 price objective on shares of XPO in a research note on Wednesday, March 5th. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Monday, February 24th. Jefferies Financial Group boosted their price objective on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a report on Friday, March 7th. They issued a “buy” rating and a $156.00 target price on the stock. Finally, The Goldman Sachs Group upped their price target on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO presently has a consensus rating of “Buy” and a consensus price target of $150.58.

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.