XPO, Inc. (NYSE:XPO) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in XPO, Inc. (NYSE:XPO - Free Report) by 5.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 39,938 shares of the transportation company's stock after selling 2,304 shares during the period. Public Employees Retirement System of Ohio's holdings in XPO were worth $5,238,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in shares of XPO by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 39,178 shares of the transportation company's stock valued at $5,138,000 after purchasing an additional 1,524 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of XPO during the fourth quarter valued at $423,000. Geneos Wealth Management Inc. increased its position in XPO by 32.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,027 shares of the transportation company's stock worth $135,000 after purchasing an additional 249 shares in the last quarter. Blue Trust Inc. increased its position in XPO by 79.0% during the 4th quarter. Blue Trust Inc. now owns 2,177 shares of the transportation company's stock worth $286,000 after purchasing an additional 961 shares in the last quarter. Finally, KBC Group NV raised its stake in XPO by 663.3% in the 4th quarter. KBC Group NV now owns 23,732 shares of the transportation company's stock valued at $3,112,000 after purchasing an additional 20,623 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

XPO has been the topic of several recent analyst reports. Oppenheimer reduced their price objective on shares of XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Raymond James decreased their price objective on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group lowered their price objective on XPO from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Thursday, March 6th. Finally, Bank of America lifted their price target on XPO from $119.00 to $139.00 and gave the company a "buy" rating in a report on Friday, May 16th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO has a consensus rating of "Buy" and a consensus price target of $134.11.

XPO Stock Down 3.2%

NYSE:XPO traded down $3.75 during mid-day trading on Friday, hitting $113.79. The company had a trading volume of 2,053,651 shares, compared to its average volume of 1,644,966. The business has a fifty day simple moving average of $107.68 and a 200-day simple moving average of $125.90. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 1.79 and a beta of 1.96. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

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. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. XPO had a return on equity of 30.36% and a net margin of 4.81%. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 earnings per share. Equities analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

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

Insider Activity

In other XPO news, COO David J. Bates bought 1,880 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.90% of the company's stock.

About XPO

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.