XPO, Inc. (NYSE:XPO) Holdings Cut by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its stake in XPO, Inc. (NYSE:XPO - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,162,171 shares of the transportation company's stock after selling 30,171 shares during the period. Ameriprise Financial Inc. owned approximately 1.00% of XPO worth $152,428,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of XPO. Capital Research Global Investors grew its position in XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after acquiring an additional 2,125,686 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of XPO by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company's stock valued at $1,447,231,000 after buying an additional 79,393 shares during the last quarter. Capital World Investors boosted its stake in XPO by 26.1% in the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock valued at $1,016,923,000 after acquiring an additional 1,605,001 shares in the last quarter. FMR LLC raised its stake in XPO by 3.6% in the fourth quarter. FMR LLC now owns 2,606,265 shares of the transportation company's stock valued at $341,812,000 after buying an additional 91,252 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of XPO by 29.6% during the fourth quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock valued at $244,369,000 after acquiring an additional 425,678 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on XPO shares. Barclays decreased their target price on XPO from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Evercore ISI increased their price target on shares of XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Jefferies Financial Group lowered their price target on XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Vertical Research raised shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Thursday, March 6th. Finally, UBS Group lifted their price target on XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $133.68.

XPO Trading Down 0.7 %

Shares of NYSE:XPO traded down $0.81 during midday trading on Friday, reaching $111.25. The company's stock had a trading volume of 955,481 shares, compared to its average volume of 1,625,013. The business has a 50 day moving average price of $103.94 and a 200 day moving average price of $127.44. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. 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 $13.11 billion, a price-to-earnings ratio of 34.44, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 EPS. Research analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

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

Insiders Place Their Bets

In other news, COO David J. Bates bought 1,880 shares of the business's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

XPO Profile

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.