XPO, Inc. (NYSE:XPO) Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC increased its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 144.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,751 shares of the transportation company's stock after buying an additional 6,354 shares during the period. Fifth Third Wealth Advisors LLC's holdings in XPO were worth $1,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after buying an additional 180 shares during the period. GAMMA Investing LLC increased its position in shares of XPO by 16,790.6% in the 1st quarter. GAMMA Investing LLC now owns 191,708 shares of the transportation company's stock worth $20,624,000 after purchasing an additional 190,573 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of XPO by 89.0% in 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. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of XPO by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,501 shares of the transportation company's stock valued at $2,033,000 after buying an additional 111 shares during the period. Finally, Empirical Capital Management LLC boosted its holdings in shares of XPO by 12.0% in the 4th quarter. Empirical Capital Management LLC now owns 56,000 shares of the transportation company's stock valued at $7,344,000 after buying an additional 6,000 shares during the period. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Stock Up 1.5%

XPO traded up $1.75 during trading on Thursday, reaching $116.68. The stock had a trading volume of 1,786,499 shares, compared to its average volume of 1,643,295. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The stock's 50 day moving average is $107.92 and its two-hundred day moving average is $125.37. The company has a market capitalization of $13.75 billion, a price-to-earnings ratio of 36.12, a P/E/G ratio of 1.79 and a beta of 1.92.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping the consensus estimate 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 30.36% and a net margin of 4.81%. XPO's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. As a group, analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has authorized a share repurchase program on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XPO. Truist Financial reduced their price target on shares of XPO from $130.00 to $125.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stephens reiterated an "overweight" rating and issued a $131.00 price objective on shares of XPO in a research note on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of XPO in a research report on Friday, March 7th. They issued a "buy" rating and a $156.00 target price for the company. UBS Group boosted their target price on shares of XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Barclays decreased their price objective on shares of XPO from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $134.11.

Insider Buying and Selling

In related news, COO David J. Bates bought 1,880 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This trade represents a 9.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is owned by insiders.

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.