Westwood Holdings Group Inc. Sells 114,442 Shares of XPO, Inc. (NYSE:XPO)

Westwood Holdings Group Inc. lessened its holdings in XPO, Inc. (NYSE:XPO) by 43.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,197 shares of the transportation company’s stock after selling 114,442 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.13% of XPO worth $19,829,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Capital Research Global Investors raised its position in XPO by 18.5% during the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock worth $1,789,171,000 after purchasing an additional 2,125,686 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in shares of XPO during the fourth quarter worth about $231,667,000. Capital World Investors raised its position in shares of XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after acquiring an additional 1,605,001 shares during the last quarter. Norges Bank bought a new position in shares of XPO during the fourth quarter worth about $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of XPO during the fourth quarter worth about $163,938,000. Institutional investors own 97.73% of the company’s stock.

Insiders Place Their Bets

In other XPO news, COO David J. Bates acquired 1,880 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, with a total value of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. This represents a 9.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.90% of the company’s stock.

XPO Stock Down 1.9%

Shares of NYSE:XPO opened at $125.67 on Tuesday. The company has a market capitalization of $14.80 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. The business has a fifty day moving average price of $106.05 and a two-hundred day moving average price of $127.60. 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.

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

XPO declared that its board has approved a share buyback program on Thursday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes 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 board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup lowered their target price on shares of XPO from $148.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft assumed coverage on XPO in a report on Friday, March 7th. They issued a “buy” rating and a $156.00 target price for the company. Wells Fargo & Company lowered their price objective on shares of XPO from $130.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Stephens set a $131.00 price target on shares of XPO and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, Barclays decreased their price target on shares of XPO from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $134.11.

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.