XPO, Inc. (NYSE:XPO) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in XPO, Inc. (NYSE:XPO) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,034,926 shares of the transportation company’s stock after buying an additional 79,393 shares during the quarter. Vanguard Group Inc. owned 0.09% of XPO worth $1,447,231,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Versant Capital Management Inc acquired a new position in XPO during the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of XPO in the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. raised its holdings in shares of XPO by 69.1% in 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 in the last quarter. Larson Financial Group LLC grew its stake in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in XPO in the third quarter valued at $57,000. 97.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on XPO shares. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a report on Monday, February 24th. Wells Fargo & Company cut their target price on XPO from $170.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday. Benchmark upped their price target on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 price objective for the company. Finally, Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and increased their target price for the company from $155.00 to $180.00 in a research report on Friday, February 7th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO currently has an average rating of “Buy” and a consensus price target of $156.37.

Insiders Place Their Bets

In other news, COO David J. Bates purchased 1,880 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the purchase, the chief operating officer now directly owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

XPO Stock Up 1.8 %

XPO opened at $112.82 on Friday. XPO, Inc. has a 52 week low of $97.03 and a 52 week high of $161.00. The business has a 50 day moving average price of $126.59 and a two-hundred day moving average price of $129.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $13.23 billion, a PE ratio of 34.93, a P/E/G ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 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%. As a group, research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

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

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.