BNP Paribas Financial Markets Acquires 30,155 Shares of XPO, Inc. (NYSE:XPO)

BNP Paribas Financial Markets boosted its position in XPO, Inc. (NYSE:XPO - Free Report) by 109.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,803 shares of the transportation company's stock after buying an additional 30,155 shares during the quarter. BNP Paribas Financial Markets' holdings in XPO were worth $7,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in XPO. Principal Financial Group Inc. lifted its holdings in XPO by 23.7% during the third quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company's stock valued at $51,677,000 after purchasing an additional 91,973 shares during the last quarter. Wedmont Private Capital bought a new position in shares of XPO in the fourth quarter worth $261,000. Grandview Asset Management LLC bought a new stake in shares of XPO during the 4th quarter valued at $349,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in XPO by 302.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,275 shares of the transportation company's stock worth $167,000 after purchasing an additional 958 shares during the period. Finally, Merit Financial Group LLC purchased a new position in XPO during the 4th quarter valued at about $218,000. 97.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on XPO. UBS Group boosted their price objective on shares of XPO from $108.00 to $123.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Jefferies Financial Group decreased their price target on shares of XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Evercore ISI increased their price objective on XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Citigroup reduced their target price on XPO from $148.00 to $113.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Truist Financial decreased their target price on XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat, XPO presently has an average rating of "Buy" and an average target price of $134.11.

XPO Trading Up 1.9%

Shares of NYSE:XPO traded up $2.44 on Friday, reaching $128.12. 1,544,790 shares of the company traded hands, compared to its average volume of 1,635,518. The stock has a market capitalization of $15.09 billion, a P/E ratio of 39.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. The business's 50-day simple moving average is $105.30 and its 200 day simple moving average is $127.64. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00.

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 analysts' consensus estimates of $0.65 by $0.08. XPO had a return on equity of 30.36% and a net margin of 4.81%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The business's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO David J. Bates acquired 1,880 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the purchase, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.90% of the company's stock.

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.