Anderson Financial Strategies LLC Buys Shares of 9,402 XPO, Inc. (NYSE:XPO)

Anderson Financial Strategies LLC acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 9,402 shares of the transportation company's stock, valued at approximately $1,233,000. XPO comprises approximately 0.7% of Anderson Financial Strategies LLC's investment portfolio, making the stock its 27th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Freestone Grove Partners LP bought a new stake in shares of XPO in the 4th quarter worth approximately $4,053,000. Comerica Bank boosted its holdings in XPO by 9.4% in the fourth quarter. Comerica Bank now owns 56,607 shares of the transportation company's stock valued at $7,424,000 after acquiring an additional 4,882 shares in the last quarter. Utah Retirement Systems increased its position in XPO by 1.6% during the 4th quarter. Utah Retirement Systems now owns 6,193 shares of the transportation company's stock valued at $812,000 after purchasing an additional 100 shares during the period. Schonfeld Strategic Advisors LLC raised its holdings in XPO by 397.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 75,846 shares of the transportation company's stock worth $9,947,000 after purchasing an additional 101,331 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of XPO by 24.2% in the 4th quarter. Northern Trust Corp now owns 1,008,124 shares of the transportation company's stock worth $132,215,000 after purchasing an additional 196,360 shares during the period. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analyst Ratings Changes

XPO has been the topic of several research analyst reports. Stifel Nicolaus reduced their price target on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Evercore ISI increased their target price on XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research report on Thursday. Wells Fargo & Company lowered their target price on XPO from $130.00 to $116.00 and set an "overweight" rating for the company in a research note on Thursday. Jefferies Financial Group reduced their price target on XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. 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 report on Tuesday, April 8th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $135.79.

Insider Activity

In other 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 price of $106.16 per share, with a total value of $199,580.80. Following the completion of the acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company's stock.

XPO Stock Down 0.3 %

Shares of XPO stock traded down $0.30 during mid-day trading on Monday, hitting $109.44. The company's stock had a trading volume of 1,657,253 shares, compared to its average volume of 1,621,286. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 1.79 and a beta of 1.96. 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, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The business has a 50-day moving average price of $104.72 and a 200 day moving average price of $127.56.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $1.98 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The firm's quarterly revenue was down 3.2% on a year-over-year basis. Research analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has initiated a stock repurchase program on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits 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 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.