Deutsche Bank AG trimmed its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 74.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,609 shares of the transportation company's stock after selling 28,594 shares during the period. Deutsche Bank AG's holdings in XPO were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Driehaus Capital Management LLC increased its position in XPO by 31.3% in the 4th quarter. Driehaus Capital Management LLC now owns 125,321 shares of the transportation company's stock valued at $16,436,000 after acquiring an additional 29,887 shares during the period. Durable Capital Partners LP acquired a new stake in XPO during the 4th quarter valued at $75,923,000. Cetera Investment Advisers grew its holdings in XPO by 14.2% during the 4th quarter. Cetera Investment Advisers now owns 10,284 shares of the transportation company's stock valued at $1,349,000 after buying an additional 1,280 shares during the last quarter. Cantor Fitzgerald L. P. acquired a new stake in XPO during the 4th quarter valued at $1,023,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of XPO during the 4th quarter worth $354,000. 97.73% of the stock is owned by hedge funds and other institutional investors.
XPO Price Performance
Shares of XPO stock traded down $2.31 during mid-day trading on Friday, hitting $115.23. The company had a trading volume of 247,008 shares, compared to its average volume of 1,634,632. The stock's 50 day moving average price is $107.62 and its 200-day moving average price is $126.33. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $13.57 billion, a P/E ratio of 35.72, a P/E/G 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 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. XPO had a return on equity of 30.36% and a net margin of 4.81%. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. Equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.
XPO declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.
Insider Activity
In related news, COO David J. Bates bought 1,880 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. The trade was a 9.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.90% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on XPO shares. Citigroup cut their price objective on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer decreased their target price on XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Susquehanna decreased their target price on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a research note on Monday, March 31st. UBS Group boosted their target price on XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Truist Financial lowered their price objective on shares of XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $134.11.
Check Out Our Latest Stock Analysis on XPO
XPO Profile
(
Free Report)
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.
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