UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in XPO, Inc. (NYSE:XPO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 292,304 shares of the transportation company's stock after acquiring an additional 29,359 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of XPO worth $38,336,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in XPO. Merit Financial Group LLC purchased a new position in shares of XPO in the fourth quarter worth about $218,000. Janney Montgomery Scott LLC increased its holdings in shares of XPO by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 39,178 shares of the transportation company's stock worth $5,138,000 after buying an additional 1,524 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in XPO during the fourth quarter valued at about $423,000. Geneos Wealth Management Inc. lifted its stake in XPO by 32.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,027 shares of the transportation company's stock worth $135,000 after purchasing an additional 249 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of XPO by 24.4% in the 4th quarter. First Citizens Bank & Trust Co. now owns 6,213 shares of the transportation company's stock worth $815,000 after purchasing an additional 1,220 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at XPO

In related news, COO David J. Bates acquired 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is owned by company insiders.

XPO Stock Down 0.4%

Shares of XPO stock traded down $0.50 during trading hours on Wednesday, hitting $118.31. 1,146,622 shares of the company's stock traded hands, compared to its average volume of 1,638,449. 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 stock's fifty day simple moving average is $107.33 and its two-hundred day simple moving average is $126.64. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 1.79 and a beta of 1.96.

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, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. XPO had a return on equity of 30.36% and a net margin of 4.81%. The company's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 earnings per share. On average, analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on XPO shares. Wells Fargo & Company reduced their price target on shares of XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Truist Financial lowered their price target on shares of XPO from $130.00 to $125.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stephens set a $131.00 price objective on XPO and gave the company an "overweight" rating in a research note on Thursday, May 1st. Jefferies Financial Group lowered their target price on XPO from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lowered their price target on shares of XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Nineteen 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 price target of $134.11.

XPO Company 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.