Ensign Peak Advisors Inc Trims Stake in XPO, Inc. (NYSE:XPO)

Ensign Peak Advisors Inc trimmed its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,441 shares of the transportation company's stock after selling 5,741 shares during the quarter. Ensign Peak Advisors Inc's holdings in XPO were worth $5,042,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors raised its position in shares of XPO by 18.5% in the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after buying an additional 2,125,686 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in XPO in the 4th quarter worth about $231,667,000. Capital World Investors raised its holdings in shares of 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 acquiring an additional 1,605,001 shares in the last quarter. Norges Bank bought a new stake in shares of XPO during the 4th quarter valued at about $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of XPO during the fourth quarter worth about $163,938,000. 97.73% of the stock is currently owned by institutional investors.

XPO Trading Up 0.5%

Shares of XPO stock traded up $0.61 on Tuesday, hitting $126.30. The stock had a trading volume of 143,683 shares, compared to its average volume of 1,634,564. The stock has a market cap of $14.88 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 1.79 and a beta of 1.96. 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 stock's 50-day simple moving average is $106.05 and its two-hundred day simple moving average is $127.60. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm 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 company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share. As a group, sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on XPO. Truist Financial lowered their target price on shares of XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Evercore ISI raised their price objective on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Citigroup dropped their price objective on shares of XPO from $148.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Raymond James reduced their target price on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Benchmark raised their price target on XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, XPO presently has a consensus rating of "Buy" and a consensus price target of $134.11.

Insider Activity at XPO

In other XPO news, COO David J. Bates acquired 1,880 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by company insiders.

XPO Company 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.