Vaughan Nelson Investment Management L.P. Cuts Holdings in XPO, Inc. (NYSE:XPO)

Vaughan Nelson Investment Management L.P. lessened its stake in XPO, Inc. (NYSE:XPO - Free Report) by 26.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 296,225 shares of the transportation company's stock after selling 108,610 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.25% of XPO worth $31,867,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its position in shares of XPO by 89.0% in the 1st 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 during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO in the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. grew its position in shares of XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after buying an additional 130 shares during the last quarter. Larson Financial Group LLC grew its position in shares of XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after buying an additional 76 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 97.73% of the company's stock.

Wall Street Analyst Weigh In

XPO has been the topic of several research analyst reports. Stephens restated an "overweight" rating and set a $131.00 target price on shares of XPO in a research report on Thursday, June 5th. Wells Fargo & Company cut their target price on XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. UBS Group upped their target price on XPO from $108.00 to $123.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Barclays upped their target price on XPO from $125.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Finally, Jefferies Financial Group restated a "buy" rating and set a $140.00 target price (up previously from $135.00) on shares of XPO in a research report on Tuesday. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO currently has an average rating of "Buy" and a consensus target price of $134.89.

XPO Trading Down 1.6%

Shares of NYSE:XPO traded down $1.97 during trading on Friday, reaching $120.27. The company's stock had a trading volume of 1,038,701 shares, compared to its average volume of 1,629,411. 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, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The firm's 50 day simple moving average is $110.77 and its two-hundred day simple moving average is $123.83. The stock has a market capitalization of $14.17 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.92.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The firm'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 EPS. On average, research analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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