XPO, Inc. (NYSE:XPO) Shares Sold by Arnhold LLC

Arnhold LLC decreased its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 21.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,739 shares of the transportation company's stock after selling 44,563 shares during the quarter. XPO comprises about 2.1% of Arnhold LLC's portfolio, making the stock its 13th biggest position. Arnhold LLC owned approximately 0.14% of XPO worth $21,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XPO. MML Investors Services LLC lifted its position in XPO by 8.9% during the 3rd quarter. MML Investors Services LLC now owns 2,159 shares of the transportation company's stock worth $232,000 after acquiring an additional 176 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of XPO in the 3rd quarter valued at about $145,000. Wilmington Savings Fund Society FSB acquired a new position in shares of XPO in the 3rd quarter valued at about $108,000. Tidal Investments LLC lifted its holdings in shares of XPO by 472.0% in the 3rd quarter. Tidal Investments LLC now owns 14,101 shares of the transportation company's stock valued at $1,516,000 after buying an additional 11,636 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of XPO by 23.7% in the 3rd quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company's stock valued at $51,677,000 after buying an additional 91,973 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

Insider Buying and Selling at XPO

In related news, COO David J. Bates acquired 1,880 shares of the stock in a transaction dated 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 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

XPO has been the subject of several analyst reports. Oppenheimer decreased their price objective on XPO from $176.00 to $142.00 and set an "outperform" rating for the company in a report on Friday, April 4th. UBS Group reduced their price target on XPO from $170.00 to $108.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Bank of America reduced their price target on XPO from $150.00 to $131.00 and set a "buy" rating for the company in a report on Friday, March 28th. Barclays reduced their price target on XPO from $150.00 to $135.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group reduced their price target on XPO from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $139.63.

XPO Trading Up 5.9 %

NYSE XPO traded up $5.74 during trading on Wednesday, hitting $103.17. The stock had a trading volume of 2,344,173 shares, compared to its average volume of 1,626,928. The company has a market capitalization of $12.15 billion, a PE ratio of 31.94, a PEG ratio of 1.79 and a beta of 2.05. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a 50 day moving average price of $106.00 and a 200 day moving average price of $127.69. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last released its earnings results 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 return on equity of 30.36% and a net margin of 4.81%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. As a group, equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its Board of Directors has approved a share buyback program on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

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.