First Hawaiian Bank Cuts Stake in XPO, Inc. (NYSE:XPO)

First Hawaiian Bank cut its position in XPO, Inc. (NYSE:XPO - Free Report) by 59.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,836 shares of the transportation company's stock after selling 8,624 shares during the quarter. First Hawaiian Bank's holdings in XPO were worth $628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Argent Trust Co raised its stake in shares of XPO by 1.9% during the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock worth $517,000 after acquiring an additional 75 shares in the last quarter. Larson Financial Group LLC raised its position in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares during the period. Scientech Research LLC lifted its stake in XPO by 0.9% in the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock worth $1,291,000 after purchasing an additional 84 shares during the last quarter. SageView Advisory Group LLC boosted its position in XPO by 2.1% during the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock valued at $607,000 after buying an additional 96 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in shares of XPO by 1.3% during the fourth quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock valued at $1,044,000 after buying an additional 100 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO David J. Bates purchased 1,880 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the acquisition, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This trade represents a 9.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by insiders.

XPO Stock Up 0.2%

Shares of XPO stock traded up $0.23 during mid-day trading on Wednesday, reaching $115.21. 1,216,552 shares of the company's stock traded hands, compared to its average volume of 1,641,165. The company's 50-day moving average price is $107.92 and its 200-day moving average price is $125.37. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $13.57 billion, a P/E ratio of 35.67, a P/E/G ratio of 1.79 and a beta of 1.96. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00.

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

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

Analyst Ratings Changes

XPO has been the topic of several recent research reports. Jefferies Financial Group reduced their price target on XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Benchmark raised their target price on shares of XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of XPO in a report on Friday, March 7th. They set a "buy" rating and a $156.00 price target for the company. Bank of America raised their price target on shares of XPO from $119.00 to $139.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Oppenheimer decreased their price objective on shares of XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $134.11.

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.