Greenleaf Trust Has $797,000 Stock Position in XPO, Inc. (NYSE:XPO)

Greenleaf Trust grew its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 212.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,411 shares of the transportation company's stock after purchasing an additional 5,037 shares during the period. Greenleaf Trust's holdings in XPO were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in XPO. Capital Research Global Investors increased its stake 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 valued at $1,789,171,000 after buying an additional 2,125,686 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of XPO during the 4th quarter worth approximately $231,667,000. Capital World Investors increased its stake in shares of XPO by 26.1% during the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after purchasing an additional 1,605,001 shares during the last quarter. Norges Bank purchased a new stake in shares of XPO during the 4th quarter worth approximately $188,808,000. Finally, Durable Capital Partners LP purchased a new stake in shares of XPO during the 4th quarter worth approximately $75,923,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Down 1.1%

Shares of NYSE:XPO opened at $132.53 on Friday. The firm has a fifty day moving average price of $122.11 and a two-hundred day moving average price of $120.79. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a market cap of $15.61 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.57 and a beta of 1.93.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.87% and a return on equity of 28.27%. 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 firm earned $0.81 EPS. The business's quarterly revenue was down 3.2% compared to the same quarter last year. Analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its board has authorized a stock buyback plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to buy up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XPO. Evercore ISI raised their price target on shares of XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Bank of America raised their price target on shares of XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. UBS Group raised their price target on shares of XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday. Raymond James Financial decreased their price target on shares of XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Truist Financial raised their price objective on shares of XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $142.05.

XPO Company 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.

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