Retirement Planning Co of New England Inc. Invests $828,000 in XPO, Inc. (NYSE:XPO)

Retirement Planning Co of New England Inc. purchased a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,700 shares of the transportation company's stock, valued at approximately $828,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB grew its holdings 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 buying an additional 113 shares in the last quarter. Parallel Advisors LLC grew its holdings 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 buying an additional 180 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in XPO by 65.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after buying an additional 209 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in XPO in the 4th quarter worth approximately $83,000. Finally, UMB Bank n.a. grew its holdings in XPO by 97.4% in the 1st quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company's stock worth $114,000 after buying an additional 524 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI increased their price objective on XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Barclays increased their price target on XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. UBS Group increased their price target on XPO from $123.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased their price target on XPO from $116.00 to $144.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Finally, Stifel Nicolaus decreased their price target on XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.00.

XPO Price Performance

Shares of XPO traded down $0.87 during trading hours on Friday, hitting $129.51. 625,080 shares of the company were exchanged, compared to its average volume of 1,601,876. The company has a market capitalization of $15.26 billion, a PE ratio of 39.85, a PEG ratio of 2.47 and a beta of 1.93. 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 firm has a fifty day simple moving average of $123.73 and a 200-day simple moving average of $120.70. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 28.27% and a net margin of 4.87%. The company's revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.81 EPS. As a group, sell-side analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

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

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.