XPO, Inc. (NYSE:XPO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in XPO, Inc. (NYSE:XPO - Free Report) by 9.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 324,524 shares of the transportation company's stock after selling 35,312 shares during the period. Nuveen Asset Management LLC owned 0.28% of XPO worth $42,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new position in XPO during the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. increased its holdings in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after acquiring an additional 130 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after acquiring an additional 76 shares in the last quarter. UMB Bank n.a. increased its holdings in XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after buying an additional 86 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of XPO during the 4th quarter valued at about $83,000. 97.73% of the stock is currently owned by institutional investors.

XPO Price Performance

XPO stock traded down $1.79 during trading hours on Friday, hitting $116.99. 1,031,344 shares of the stock were exchanged, compared to its average volume of 1,641,645. 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 stock has a market capitalization of $13.78 billion, a P/E ratio of 36.22, a P/E/G ratio of 1.79 and a beta of 1.96. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The business's 50-day moving average is $107.00 and its two-hundred day moving average is $126.94.

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, beating the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.81% and a return on equity of 30.36%. The business 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. XPO's revenue was down 3.2% compared to the same quarter last year. Equities research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has initiated a stock buyback program on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

XPO has been the topic of a number of research analyst reports. Benchmark boosted their price target on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. UBS Group boosted their price target on XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Stifel Nicolaus lowered their price target on XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on XPO from $132.00 to $121.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Thursday, March 6th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $134.11.

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.