XPO, Inc. (NYSE:XPO) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 14.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 24,632 shares of the transportation company's stock after buying an additional 3,057 shares during the period. Allspring Global Investments Holdings LLC's holdings in XPO were worth $2,689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its holdings in XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after buying an additional 113 shares during the period. Cullen Frost Bankers Inc. raised its holdings in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after buying an additional 130 shares during the period. Larson Financial Group LLC raised its holdings in XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after buying an additional 76 shares during the period. Parallel Advisors LLC raised its holdings in XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after buying an additional 180 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in XPO during the 4th quarter valued at $83,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Stock Performance

NYSE XPO traded up $2.68 on Tuesday, reaching $132.37. 1,118,976 shares of the company's stock traded hands, compared to its average volume of 1,629,200. The stock has a 50 day moving average price of $119.82 and a 200-day moving average price of $120.64. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 40.73, a P/E/G ratio of 2.52 and a beta of 1.93. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly 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 company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. XPO had a return on equity of 28.27% and a net margin of 4.87%. XPO's quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $0.81 earnings per share. Equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has authorized a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

XPO has been the topic of several research analyst reports. Oppenheimer upped their price objective on XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday. Citigroup cut their price target on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI raised their price target on XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Stephens restated an "overweight" rating and set a $131.00 price target on shares of XPO in a research note on Thursday, June 5th. Finally, Raymond James Financial cut their price target on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $140.11.

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.