KBC Group NV Sells 18,707 Shares of XPO, Inc. (NYSE:XPO)

KBC Group NV trimmed its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 78.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,025 shares of the transportation company's stock after selling 18,707 shares during the period. KBC Group NV's holdings in XPO were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in XPO by 14.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock valued at $2,689,000 after buying an additional 3,057 shares in the last quarter. Continuum Advisory LLC raised its holdings in XPO by 22.7% during the first quarter. Continuum Advisory LLC now owns 1,135 shares of the transportation company's stock valued at $122,000 after buying an additional 210 shares in the last quarter. Whalen Wealth Management Inc. raised its holdings in XPO by 90.8% during the first quarter. Whalen Wealth Management Inc. now owns 5,541 shares of the transportation company's stock valued at $596,000 after buying an additional 2,637 shares in the last quarter. Retirement Systems of Alabama raised its holdings in XPO by 0.5% during the first quarter. Retirement Systems of Alabama now owns 248,661 shares of the transportation company's stock valued at $26,751,000 after buying an additional 1,164 shares in the last quarter. Finally, Grandview Asset Management LLC raised its holdings in XPO by 39.0% during the first quarter. Grandview Asset Management LLC now owns 3,702 shares of the transportation company's stock valued at $398,000 after buying an additional 1,038 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Price Performance

NYSE XPO traded down $3.86 during trading on Monday, reaching $128.27. 699,382 shares of the company traded hands, compared to its average volume of 1,705,350. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.02. The stock's 50 day moving average price is $119.18 and its two-hundred day moving average price is $120.68. The company has a market cap of $15.11 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 2.52 and a beta of 1.93. 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 earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. XPO's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its board has initiated a share repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

XPO has been the topic of several recent research reports. Bank of America raised their target price on XPO from $139.00 to $150.00 and gave the company a "buy" rating in a report on Monday. Raymond James Financial cut 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. UBS Group lifted their price objective on XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. TD Cowen dropped their price objective on XPO from $136.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday, June 27th. Finally, Susquehanna lifted their price objective on XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $138.21.

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.