Massachusetts Financial Services Co. MA Has $126.37 Million Stake in XPO, Inc. (NYSE:XPO)

Massachusetts Financial Services Co. MA lessened its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,174,679 shares of the transportation company's stock after selling 83,925 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.00% of XPO worth $126,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in XPO. MassMutual Private Wealth & Trust FSB raised its position in XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after purchasing an additional 113 shares during the period. Parallel Advisors LLC boosted its holdings 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 buying an additional 180 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of XPO in the fourth quarter worth approximately $83,000. UMB Bank n.a. boosted its stake in shares of XPO by 97.4% during the 1st quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company's stock worth $114,000 after acquiring an additional 524 shares during the last quarter. Finally, CWM LLC lifted its position in shares of XPO by 16.8% during the 1st quarter. CWM LLC now owns 1,114 shares of the transportation company's stock valued at $120,000 after buying an additional 160 shares in the last quarter. Institutional investors own 97.73% of the company's stock.

XPO Trading Down 0.7%

XPO stock traded down $0.87 during trading on Friday, hitting $129.51. 625,080 shares of the company traded hands, compared to its average volume of 1,599,366. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The firm has a market capitalization of $15.26 billion, a PE ratio of 39.85, a P/E/G ratio of 2.50 and a beta of 1.93. 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 company has a 50-day moving average of $124.09 and a 200-day moving average of $120.69.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business earned $0.81 earnings per share. XPO's quarterly revenue was down 3.2% compared to the same quarter last year. Analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has initiated a stock repurchase program on Thursday, March 27th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XPO. Wells Fargo & Company raised their target price on shares of XPO from $116.00 to $144.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. TD Cowen dropped their target price on XPO from $136.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, June 27th. Raymond James Financial lowered their price target on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus decreased their target price on XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Stephens reaffirmed an "overweight" rating and set a $131.00 target price on shares of XPO in a research note on Thursday, June 5th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, XPO has a consensus rating of "Moderate Buy" and a consensus target price of $141.00.

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.