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

KBC Group NV lowered its stake in XPO, Inc. (NYSE:XPO - Free Report) by 78.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,025 shares of the transportation company's stock after selling 18,707 shares during the quarter. KBC Group NV's holdings in XPO were worth $541,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake in 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 buying an additional 113 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of XPO by 58.8% in the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after purchasing an additional 180 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of XPO in the fourth quarter worth $83,000. Institutional investors own 97.73% of the company's stock.

Wall Street Analysts Forecast Growth

XPO has been the topic of a number of research reports. Raymond James Financial cut their price objective on shares of XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. TD Cowen cut their price objective on shares of XPO from $136.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, June 27th. Stephens reissued an "overweight" rating and issued a $131.00 price objective on shares of XPO in a research report on Thursday, June 5th. Oppenheimer boosted their price objective on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Barclays boosted their price objective on shares of XPO from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $138.21.

XPO Stock Performance

Shares of XPO traded down $2.44 during trading hours on Monday, hitting $129.69. The company had a trading volume of 1,236,754 shares, compared to its average volume of 1,631,241. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 2.52 and a beta of 1.93. The business has a fifty day moving average of $119.82 and a 200-day moving average of $120.64. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.03.

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

XPO declared that its Board of Directors has authorized a stock buyback plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.