XPO, Inc. (NYSE:XPO) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. cut its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 43.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 151,197 shares of the transportation company's stock after selling 114,442 shares during the period. Westwood Holdings Group Inc. owned 0.13% of XPO worth $19,829,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Merit Financial Group LLC purchased a new stake in XPO during the 4th quarter worth $218,000. City Holding Co. boosted its position in XPO by 10.5% during the 4th quarter. City Holding Co. now owns 6,185 shares of the transportation company's stock worth $811,000 after purchasing an additional 590 shares during the period. Gilman Hill Asset Management LLC boosted its position in XPO by 0.8% during the 4th quarter. Gilman Hill Asset Management LLC now owns 36,517 shares of the transportation company's stock worth $4,789,000 after purchasing an additional 280 shares during the period. UMB Bank n.a. boosted its position in XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after purchasing an additional 86 shares during the period. Finally, Perpetual Ltd boosted its position in XPO by 88.5% during the 4th quarter. Perpetual Ltd now owns 5,477 shares of the transportation company's stock worth $718,000 after purchasing an additional 2,571 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Vertical Research raised shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research report on Thursday, March 6th. Truist Financial decreased their price target on shares of XPO from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Benchmark upped their price target on shares of XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Oppenheimer decreased their price objective on shares of XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, UBS Group upped their price objective on shares of XPO from $108.00 to $123.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $134.11.

Insider Buying and Selling

In other XPO news, COO David J. Bates acquired 1,880 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the purchase, the chief operating officer now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by company insiders.

XPO Stock Performance

Shares of NYSE XPO traded down $1.79 during trading on Friday, reaching $116.99. The stock had a trading volume of 1,031,344 shares, compared to its average volume of 1,641,645. The stock has a market cap of $13.78 billion, a PE ratio of 36.22, a P/E/G ratio of 1.79 and a beta of 1.96. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The firm's 50 day moving average price is $107.00 and its two-hundred day moving average price is $127.11. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

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 firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. XPO's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

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