3,354 Shares in XPO, Inc. (NYSE:XPO) Purchased by Brighton Jones LLC

Brighton Jones LLC acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,354 shares of the transportation company's stock, valued at approximately $361,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of XPO. Allspring Global Investments Holdings LLC raised its holdings in XPO by 28.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 21,575 shares of the transportation company's stock worth $2,859,000 after purchasing an additional 4,798 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in shares of XPO in the 4th quarter valued at $259,000. Rhumbline Advisers raised its stake in XPO by 0.3% during the 4th quarter. Rhumbline Advisers now owns 336,384 shares of the transportation company's stock worth $44,117,000 after acquiring an additional 988 shares in the last quarter. Principal Securities Inc. lifted its position in XPO by 9.8% in the fourth quarter. Principal Securities Inc. now owns 2,701 shares of the transportation company's stock valued at $354,000 after acquiring an additional 240 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in XPO by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 487,646 shares of the transportation company's stock valued at $63,955,000 after acquiring an additional 6,977 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Price Performance

Shares of NYSE:XPO traded up $1.10 during midday trading on Wednesday, hitting $120.89. 1,158,371 shares of the stock were exchanged, compared to its average volume of 1,624,863. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The company has a 50 day moving average price of $111.69 and a 200-day moving average price of $123.41. The stock has a market cap of $14.24 billion, a P/E ratio of 37.20, a PEG ratio of 2.30 and a beta of 1.92.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. On average, research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

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

Analyst Ratings Changes

XPO has been the subject of a number of research analyst reports. Susquehanna upped their target price on XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research report on Wednesday. Raymond James Financial decreased their price objective on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a research report on Friday, March 7th. They set a "buy" rating and a $156.00 target price on the stock. Stifel Nicolaus reduced their price target on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, UBS Group increased their price target on shares of XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $135.26.

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.