Principal Financial Group Inc. Trims Stake in XPO, Inc. (NYSE:XPO)

Principal Financial Group Inc. lowered its stake in XPO, Inc. (NYSE:XPO - Free Report) by 8.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 447,893 shares of the transportation company's stock after selling 39,753 shares during the quarter. Principal Financial Group Inc. owned 0.38% of XPO worth $48,184,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in XPO. MassMutual Private Wealth & Trust FSB grew 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. Cullen Frost Bankers Inc. grew its position in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC grew its position in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares during the period. Parallel Advisors LLC grew its position in XPO by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after purchasing an additional 180 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of XPO during the 4th quarter valued at $83,000. Institutional investors own 97.73% of the company's stock.

XPO Price Performance

Shares of NYSE XPO traded up $0.21 during mid-day trading on Wednesday, hitting $132.47. 672,413 shares of the company's stock traded hands, compared to its average volume of 1,627,821. The company's 50-day moving average is $120.52 and its two-hundred day moving average is $120.72. 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 company has a market capitalization of $15.61 billion, a P/E ratio of 40.76, a PEG ratio of 2.54 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 announced its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. The business's revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. On average, equities analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XPO. TD Cowen cut their price objective on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Stifel Nicolaus cut their price objective on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Susquehanna boosted their price objective on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research report on Wednesday, June 18th. Bank of America boosted their price objective on shares of XPO from $139.00 to $150.00 and gave the company a "buy" rating in a research report on Monday. Finally, Stephens reissued an "overweight" rating and set a $131.00 price objective on shares of XPO in a research report on Thursday, June 5th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, XPO has a consensus rating of "Moderate Buy" and a consensus price target of $141.53.

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.