Jefferies Financial Group Inc. Decreases Stake in XPO, Inc. (NYSE:XPO)

Jefferies Financial Group Inc. reduced its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 42.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,722 shares of the transportation company's stock after selling 4,278 shares during the period. Jefferies Financial Group Inc.'s holdings in XPO were worth $750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XPO. Capital Research Global Investors increased its position in XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after purchasing an additional 2,125,686 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in XPO during the fourth quarter worth about $231,667,000. Capital World Investors increased its position in shares of XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock valued at $1,016,923,000 after acquiring an additional 1,605,001 shares during the last quarter. Norges Bank acquired a new stake in shares of XPO during the fourth quarter valued at about $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of XPO during the fourth quarter valued at about $163,938,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction dated 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 completion of the acquisition, the chief operating officer now owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. This represents a 9.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Oppenheimer lowered their price target on XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Citigroup cut their price objective on XPO from $148.00 to $113.00 and set a "buy" rating on the stock 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. Finally, Raymond James dropped their target price on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $134.11.

XPO Stock Down 3.2%

Shares of NYSE:XPO traded down $3.75 during trading on Friday, hitting $113.79. 2,053,651 shares of the company were exchanged, compared to its average volume of 1,644,966. The stock has a market capitalization of $13.41 billion, a P/E ratio of 35.23, a PEG ratio of 1.79 and a beta of 1.96. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The firm's 50 day moving average price is $107.68 and its 200-day moving average price is $126.07.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.81% and a return on equity of 30.36%. The company's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. On average, research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding 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 generally a sign that the company's leadership believes its stock is 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.