XPO, Inc. (NYSE:XPO) Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI reduced its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 300,476 shares of the transportation company's stock after selling 16,615 shares during the quarter. XPO comprises 3.5% of Fishman Jay A Ltd. MI's portfolio, making the stock its 9th largest holding. Fishman Jay A Ltd. MI owned about 0.26% of XPO worth $32,325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after purchasing an additional 113 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of XPO during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. raised its holdings in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after acquiring an additional 130 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after acquiring an additional 76 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of XPO by 58.8% during the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after acquiring an additional 180 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Trading Up 1.2%

Shares of XPO stock traded up $1.47 during trading hours on Tuesday, reaching $125.90. The company had a trading volume of 1,676,842 shares, compared to its average volume of 1,625,765. The company has a 50 day moving average of $113.54 and a 200 day moving average of $122.32. 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 firm has a market cap of $14.83 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 2.34 and a beta of 1.92. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00.

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

XPO announced that its Board of Directors has initiated a stock buyback 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 usually a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have weighed in on XPO shares. UBS Group boosted their price target on XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Stifel Nicolaus dropped their price objective on XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Truist Financial dropped their price objective on XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Bank of America lifted their price objective on XPO from $119.00 to $139.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft began coverage on XPO in a research note on Friday, March 7th. They set a "buy" rating and a $156.00 price target on the stock. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price 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.