XPO, Inc. (NYSE:XPO) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its stake in XPO, Inc. (NYSE:XPO - Free Report) by 26.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,895 shares of the transportation company's stock after selling 5,117 shares during the quarter. Sigma Planning Corp's holdings in XPO were worth $1,495,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake in XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after buying an additional 113 shares in the last quarter. Parallel Advisors LLC increased its stake in XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after buying an additional 180 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in XPO during the 4th quarter worth approximately $83,000. UMB Bank n.a. increased its stake in XPO by 97.4% during the 1st quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company's stock worth $114,000 after buying an additional 524 shares in the last quarter. Finally, CWM LLC increased its stake in XPO by 16.8% during the 1st quarter. CWM LLC now owns 1,114 shares of the transportation company's stock worth $120,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Trading Up 1.6%

NYSE:XPO traded up $2.02 during trading hours on Thursday, reaching $130.52. 774,014 shares of the stock were exchanged, compared to its average volume of 1,605,783. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.03. The business has a 50-day moving average of $123.36 and a two-hundred day moving average of $120.72. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 40.16, a PEG ratio of 2.47 and a beta of 1.93.

XPO (NYSE:XPO - Get Free Report) last released its quarterly 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. XPO had a return on equity of 28.27% and a net margin of 4.87%. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. The firm's revenue was down 3.2% compared to the same quarter last year. On average, equities analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its board has approved a share repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

XPO has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Benchmark boosted their target price on XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday. TD Cowen lowered their target price on XPO from $136.00 to $133.00 and set a "buy" rating on the stock in a report on Friday, June 27th. Susquehanna boosted their target price on XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. Finally, Jefferies Financial Group restated a "buy" rating and set a $140.00 target price (up from $135.00) on shares of XPO in a report on Tuesday, June 10th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $141.00.

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.