XPO, Inc. (NYSE:XPO) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lowered its position in XPO, Inc. (NYSE:XPO - Free Report) by 28.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,623 shares of the transportation company's stock after selling 65,247 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.14% of XPO worth $21,590,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Oppenheimer dropped their target price on shares of XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Citigroup cut their price target on XPO from $148.00 to $113.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Stephens set a $131.00 target price on shares of XPO and gave the company an "overweight" rating in a report on Thursday, May 1st. Jefferies Financial Group reduced 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. Finally, Wells Fargo & Company dropped 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. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO currently has an average rating of "Buy" and a consensus target price of $133.68.

XPO Trading Down 1.4 %

XPO traded down $1.52 during trading on Tuesday, hitting $107.77. 1,748,434 shares of the company's stock were exchanged, compared to its average volume of 1,621,792. The stock has a 50 day moving average price of $104.72 and a 200 day moving average price of $127.56. 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 1 year low of $85.06 and a 1 year high of $161.00. The firm has a market cap of $12.70 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96.

XPO (NYSE:XPO - Get Free Report) last announced 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. The business had revenue of $1.95 billion during 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 quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 earnings per share. As a group, analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its board has approved a share repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to buy 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.

Insider Activity at XPO

In related news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $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 can be accessed through this hyperlink. 2.90% of the stock is currently owned by company insiders.

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.