Frontier Capital Management Co. LLC Boosts Holdings in XPO, Inc. (NYSE:XPO)

Frontier Capital Management Co. LLC increased its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,239,568 shares of the transportation company's stock after buying an additional 44,854 shares during the quarter. XPO accounts for 1.5% of Frontier Capital Management Co. LLC's portfolio, making the stock its 4th biggest holding. Frontier Capital Management Co. LLC owned approximately 1.06% of XPO worth $162,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC increased its position in shares of XPO by 31.3% during the fourth quarter. Driehaus Capital Management LLC now owns 125,321 shares of the transportation company's stock valued at $16,436,000 after purchasing an additional 29,887 shares during the period. Durable Capital Partners LP acquired a new position in XPO during the fourth quarter worth $75,923,000. Cetera Investment Advisers raised its stake in XPO by 14.2% during the fourth quarter. Cetera Investment Advisers now owns 10,284 shares of the transportation company's stock worth $1,349,000 after acquiring an additional 1,280 shares in the last quarter. Cantor Fitzgerald L. P. bought a new position in shares of XPO during the fourth quarter valued at $1,023,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of XPO in the 4th quarter valued at $354,000. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on XPO shares. Benchmark lifted their price target on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. UBS Group raised their price objective on shares of XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Truist Financial reduced their target price on XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Susquehanna dropped their price target on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a report on Monday, March 31st. Finally, Barclays reduced their price objective on XPO from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $133.68.

Insider Activity

In other news, COO David J. Bates bought 1,880 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by company insiders.

XPO Trading Up 1.7 %

XPO opened at $109.49 on Thursday. The firm has a 50 day simple moving average of $104.20 and a 200 day simple moving average of $127.29. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The company has a market cap of $12.90 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth 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 (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. XPO had a return on equity of 30.36% and a net margin of 4.81%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the business posted $0.81 EPS. The firm's quarterly revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has approved a stock buyback program on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

XPO 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.

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