XPO, Inc. (NYSE:XPO) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 40.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,639 shares of the transportation company's stock after selling 9,419 shares during the period. Gateway Investment Advisers LLC's holdings in XPO were worth $1,467,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of XPO. Choreo LLC boosted its holdings in shares of XPO by 39.0% in the fourth quarter. Choreo LLC now owns 4,978 shares of the transportation company's stock worth $660,000 after buying an additional 1,396 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in XPO during the fourth quarter valued at approximately $209,000. Wilmington Savings Fund Society FSB raised its position in XPO by 13.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,138 shares of the transportation company's stock worth $149,000 after acquiring an additional 138 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of XPO by 140.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 404,835 shares of the transportation company's stock worth $53,095,000 after acquiring an additional 236,745 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of XPO by 28.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 21,575 shares of the transportation company's stock worth $2,859,000 after acquiring an additional 4,798 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Trading Up 1.3%

Shares of NYSE XPO traded up $1.51 during trading on Thursday, reaching $122.10. The stock had a trading volume of 971,114 shares, compared to its average volume of 1,635,892. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $14.38 billion, a P/E ratio of 37.80, a PEG ratio of 1.79 and a beta of 1.92. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The business's 50-day moving average price is $109.59 and its 200-day moving average price is $124.43.

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 the consensus estimate of $0.65 by $0.08. XPO had a return on equity of 30.36% and a net margin of 4.81%. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the previous year, the firm posted $0.81 EPS. XPO's revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal 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 shares. This repurchase authorization allows the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on XPO shares. Bank of America lifted their price objective on XPO from $119.00 to $139.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Truist Financial decreased their target price on shares of XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company dropped their price target on shares of XPO from $130.00 to $116.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus reduced their price objective on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of XPO in a research report on Friday, March 7th. They set a "buy" rating and a $156.00 price objective on the stock. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $134.89.

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.