Price T Rowe Associates Inc. MD Sells 23,609 Shares of XPO, Inc. (NYSE:XPO)

Price T Rowe Associates Inc. MD lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 477,349 shares of the transportation company’s stock after selling 23,609 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in XPO were worth $62,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of XPO. LPL Financial LLC lifted its position in shares of XPO by 57.3% during the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company’s stock valued at $9,738,000 after purchasing an additional 27,034 shares in the last quarter. Renaissance Technologies LLC increased its stake in XPO by 40.0% in the 4th quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company’s stock valued at $31,138,000 after buying an additional 67,800 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of XPO by 42.8% during the 4th quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company’s stock worth $8,054,000 after buying an additional 18,398 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of XPO during the 4th quarter worth approximately $423,000. Finally, Invesco Ltd. lifted its position in shares of XPO by 29.6% during the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company’s stock worth $244,369,000 after buying an additional 425,678 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Stock Up 1.2 %

Shares of NYSE:XPO opened at $97.61 on Tuesday. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The firm has a fifty day moving average of $106.70 and a 200 day moving average of $127.90. The firm has a market capitalization of $11.50 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. 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 announced its 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 net margin of 4.81% and a return on equity of 30.36%. As a group, research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its board has authorized a stock repurchase program on Thursday, March 27th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

XPO has been the topic of several recent analyst reports. Susquehanna dropped their target price on shares of XPO from $180.00 to $138.00 and set a “positive” rating on the stock in a research report on Monday, March 31st. Truist Financial dropped their target price on shares of XPO from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Benchmark lifted their target price on shares of XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Thursday, March 6th. Finally, Citigroup dropped their target price on shares of XPO from $148.00 to $113.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $139.63.

Insider Buying and Selling

In other XPO news, COO David J. Bates purchased 1,880 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost 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. This trade represents a 9.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

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.