XPO, Inc. (NYSE:XPO) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. decreased its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 26.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 0.25% of XPO worth $31,867,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Fifth Third Bancorp grew its stake in shares of XPO by 15.4% during the 1st quarter. Fifth Third Bancorp now owns 1,196 shares of the transportation company's stock valued at $129,000 after buying an additional 160 shares during the period. GAMMA Investing LLC boosted its holdings in XPO by 57.0% in the first quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company's stock valued at $192,000 after acquiring an additional 647 shares during the last quarter. City Holding Co. grew its position in XPO by 7.5% during the first quarter. City Holding Co. now owns 6,646 shares of the transportation company's stock valued at $715,000 after acquiring an additional 461 shares during the period. Park Avenue Securities LLC increased its stake in XPO by 12.9% during the first quarter. Park Avenue Securities LLC now owns 2,431 shares of the transportation company's stock worth $262,000 after acquiring an additional 278 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of XPO by 11.9% in the 1st quarter. Wedmont Private Capital now owns 2,177 shares of the transportation company's stock worth $234,000 after purchasing an additional 231 shares during the period. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Susquehanna boosted their target price on XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a report on Wednesday. Bank of America lifted their price target on shares of XPO from $119.00 to $139.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Evercore ISI increased their price objective on shares of XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Raymond James Financial cut their target price on shares of XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their price target on shares of XPO from $130.00 to $116.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $135.26.

XPO Stock Up 0.6%

XPO traded up $0.72 on Wednesday, reaching $120.51. The company's stock had a trading volume of 480,366 shares, compared to its average volume of 1,622,551. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The business's 50 day moving average is $111.69 and its 200 day moving average is $123.41. 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 stock has a market cap of $14.20 billion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 2.30 and a beta of 1.92.

XPO (NYSE:XPO - Get Free Report) last released its earnings results 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 return on equity of 28.27% and a net margin of 4.87%. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the prior year, the business posted $0.81 EPS. The business's revenue was down 3.2% on a year-over-year basis. As a group, research analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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

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.