Jefferies Financial Group Inc. Sells 4,278 Shares of XPO, Inc. (NYSE:XPO)

Jefferies Financial Group Inc. lowered its stake in XPO, Inc. (NYSE:XPO) by 42.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,722 shares of the transportation company’s stock after selling 4,278 shares during the quarter. Jefferies Financial Group Inc.’s holdings in XPO were worth $750,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new position in XPO in the 4th quarter worth about $42,000. Cullen Frost Bankers Inc. boosted its stake in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC boosted its stake in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares during the period. UMB Bank n.a. boosted its stake in XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after purchasing an additional 86 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in XPO in the 4th quarter worth about $83,000. Institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on XPO. Bank of America cut their target price on XPO from $150.00 to $131.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Citigroup lowered their price target on XPO from $148.00 to $113.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Barclays lowered their price target on XPO from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company lowered their price target on XPO from $130.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Finally, Truist Financial lowered their price target on XPO from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $133.68.

Insider Buying and Selling

In other XPO news, COO David J. Bates acquired 1,880 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by corporate insiders.

XPO Price Performance

XPO opened at $125.61 on Friday. The stock’s 50 day simple moving average is $105.30 and its 200 day simple moving average is $127.64. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 1.79 and a beta of 1.96.

XPO (NYSE:XPO) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. XPO had a return on equity of 30.36% and a net margin of 4.81%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.81 EPS. XPO’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has authorized a share buyback program on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are 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.