Bank of New York Mellon Corp Sells 17,185 Shares of XPO, Inc. (NYSE:XPO)

Bank of New York Mellon Corp lessened its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 764,003 shares of the transportation company's stock after selling 17,185 shares during the period. Bank of New York Mellon Corp owned about 0.65% of XPO worth $82,191,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Argent Trust Co grew its holdings in shares of XPO by 1.9% during the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock valued at $517,000 after purchasing an additional 75 shares during the last quarter. Larson Financial Group LLC boosted its position in XPO by 25.6% in the fourth 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 in the last quarter. Scientech Research LLC grew its stake in shares of XPO by 0.9% during the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock worth $1,291,000 after buying an additional 84 shares during the last quarter. SageView Advisory Group LLC increased its holdings in shares of XPO by 2.1% during the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock worth $607,000 after buying an additional 96 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of XPO by 1.3% in the 4th quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock valued at $1,044,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Down 1.1%

Shares of XPO traded down $1.41 during trading hours on Friday, hitting $132.53. The stock had a trading volume of 622,925 shares, compared to its average volume of 1,625,937. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The firm has a market capitalization of $15.61 billion, a P/E ratio of 40.78, a price-to-earnings-growth ratio of 2.54 and a beta of 1.93. The firm has a 50 day simple moving average of $121.66 and a 200-day simple moving average of $120.81. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. XPO had a return on equity of 28.27% and a net margin of 4.87%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. XPO's revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

XPO has been the subject of several research reports. Wells Fargo & Company increased their target price on XPO from $116.00 to $144.00 and gave the company an "overweight" rating in a research report on Monday. Barclays lifted their target price on shares of XPO from $135.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday. Raymond James Financial decreased their price target on shares of XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group reiterated a "buy" rating and set a $140.00 price target (up previously from $135.00) on shares of XPO in a report on Tuesday, June 10th. Finally, Stifel Nicolaus decreased their price objective on XPO from $147.00 to $142.00 and set a "buy" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, XPO has an average rating of "Moderate Buy" and an average price target of $142.05.

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.