2,906 Shares in XPO, Inc. (NYSE:XPO) Bought by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC acquired a new position in XPO, Inc. (NYSE:XPO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,906 shares of the transportation company's stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds have also made changes to their positions in XPO. Halbert Hargrove Global Advisors LLC purchased a new position in shares of XPO in the 4th quarter worth $42,000. Cullen Frost Bankers Inc. grew its stake 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 worth $42,000 after buying an additional 130 shares in the last quarter. Larson Financial Group LLC grew its stake 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 worth $49,000 after buying an additional 76 shares in the last quarter. UMB Bank n.a. grew its stake in shares of XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after buying an additional 86 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of XPO in the 4th quarter worth $83,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates acquired 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 acquisition, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. The trade was a 9.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays dropped their price target on shares of XPO from $135.00 to $125.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on shares of XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Benchmark lifted their price target on shares of XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Bank of America lifted their price target on shares of XPO from $119.00 to $139.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Jefferies Financial Group dropped their price target on shares of XPO from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $134.11.

XPO Stock Down 1.5%

Shares of NYSE XPO traded down $1.79 during trading hours on Friday, hitting $116.99. 1,031,344 shares of the stock were exchanged, compared to its average volume of 1,640,156. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $13.78 billion, a PE ratio of 36.22, a PEG ratio of 1.79 and a beta of 1.96. The firm has a fifty day moving average price of $106.84 and a 200-day moving average price of $127.42. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.81% and a return on equity of 30.36%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the business posted $0.81 EPS. XPO's revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its board has approved a stock repurchase 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 purchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign 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.