Douglas Lane & Associates LLC Cuts Stake in XPO, Inc. (NYSE:XPO)

Douglas Lane & Associates LLC cut its position in XPO, Inc. (NYSE:XPO - Free Report) by 9.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 316,165 shares of the transportation company's stock after selling 34,306 shares during the quarter. Douglas Lane & Associates LLC owned about 0.27% of XPO worth $34,013,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its holdings in XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after purchasing an additional 113 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of XPO in the fourth quarter valued at about $42,000. Cullen Frost Bankers Inc. increased its stake in shares of XPO by 69.1% in the fourth 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 increased its stake in shares of 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 during the period. Finally, Parallel Advisors LLC increased its stake in shares of XPO by 58.8% in the first 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. 97.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO David J. Bates acquired 1,880 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. This represents a 9.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on XPO shares. Wells Fargo & Company dropped their target price on XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. UBS Group lifted their price target on XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Susquehanna lowered their target price on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a research note on Monday, March 31st. Truist Financial reduced their price target on XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Thursday, March 6th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO currently has an average rating of "Buy" and an average target price of $134.11.

XPO Price Performance

Shares of XPO stock traded up $2.80 during midday trading on Thursday, reaching $117.73. 1,092,903 shares of the company traded hands, compared to its average volume of 1,639,128. The firm's 50 day simple moving average is $107.92 and its two-hundred day simple moving average is $125.37. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $13.87 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data 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. XPO had a return on equity of 30.36% and a net margin of 4.81%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business posted $0.81 EPS. XPO's quarterly revenue was down 3.2% on a year-over-year basis. On average, equities research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its Board of Directors has initiated a stock buyback 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 shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

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.