Envestnet Portfolio Solutions Inc. reduced its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 34.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,103 shares of the transportation company's stock after selling 2,669 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in XPO were worth $549,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Capital Research Global Investors lifted its holdings in XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after purchasing 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 valued at $231,667,000. Capital World Investors lifted 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 worth $1,016,923,000 after buying an additional 1,605,001 shares during the period. Norges Bank purchased a new stake in shares of XPO in the 4th quarter worth $188,808,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of XPO in the 4th quarter worth $91,158,000. 97.73% of the stock is owned by hedge funds and other institutional investors.
XPO Trading Up 0.1%
XPO opened at $124.15 on Friday. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 2.33 and a beta of 1.92. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02. The business has a fifty day moving average price of $115.30 and a 200 day moving average price of $122.16.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. XPO had a return on equity of 28.27% and a net margin of 4.87%. XPO's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. Sell-side analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.
XPO announced that its board has authorized a stock buyback plan on Thursday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Raymond James Financial dropped their target price on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Evercore ISI increased their price target on XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research report on Thursday, March 6th. Finally, Wells Fargo & Company reduced their price objective on XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $135.26.
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XPO Company Profile
(
Free Report)
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.
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