Royal Bank of Canada Raises Position in XPO, Inc. (NYSE:XPO)

Royal Bank of Canada increased its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 11.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 261,145 shares of the transportation company's stock after acquiring an additional 27,342 shares during the period. Royal Bank of Canada owned about 0.22% of XPO worth $34,250,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of XPO. Merit Financial Group LLC purchased a new stake in shares of XPO during the fourth quarter valued at $218,000. UMB Bank n.a. boosted its position in XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after buying an additional 86 shares during the period. Perpetual Ltd grew its stake in XPO by 88.5% in the 4th quarter. Perpetual Ltd now owns 5,477 shares of the transportation company's stock worth $718,000 after acquiring an additional 2,571 shares in the last quarter. Dakota Wealth Management grew its stake in XPO by 2.0% in the 4th quarter. Dakota Wealth Management now owns 11,268 shares of the transportation company's stock worth $1,478,000 after acquiring an additional 225 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of XPO by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 39,178 shares of the transportation company's stock worth $5,138,000 after acquiring an additional 1,524 shares during the period. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Price Performance

Shares of XPO stock traded up $1.18 during mid-day trading on Wednesday, reaching $119.99. 326,381 shares of the stock traded hands, compared to its average volume of 1,634,326. The stock has a market capitalization of $14.14 billion, a PE ratio of 37.21, a PEG ratio of 1.79 and a beta of 1.96. The business has a 50-day moving average of $107.33 and a 200 day moving average of $126.64. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

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

XPO declared that its Board of Directors 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 repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

XPO has been the subject of a number of research reports. Citigroup lowered their price target on XPO from $148.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company lowered their target price on XPO from $130.00 to $116.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective 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. Stifel Nicolaus cut their target price on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Jefferies Financial Group reduced their price target on shares of XPO from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Nineteen research 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 at XPO

In other news, COO David J. Bates bought 1,880 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $106.16 per share, with a total value 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 $2,240,612.96. This trade represents a 9.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.90% of the company's stock.

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.