XPO, Inc. (NYSE:XPO) Shares Bought by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its position in XPO, Inc. (NYSE:XPO - Free Report) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,239,568 shares of the transportation company's stock after purchasing an additional 44,854 shares during the quarter. XPO comprises about 1.5% of Frontier Capital Management Co. LLC's holdings, making the stock its 4th largest position. Frontier Capital Management Co. LLC owned 1.06% of XPO worth $162,569,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on XPO shares. Evercore ISI upped their price objective on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Truist Financial decreased their target price on XPO from $130.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company decreased 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. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a report on Friday, March 7th. They set a "buy" rating and a $156.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO presently has a consensus rating of "Buy" and an average price target of $133.68.

Insider Activity at XPO

In related news, COO David J. Bates bought 1,880 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the transaction, the chief operating officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.

XPO Stock Performance

Shares of XPO stock traded up $0.42 during trading on Tuesday, hitting $126.93. 1,516,922 shares of the stock were exchanged, compared to its average volume of 1,633,390. The stock's fifty day moving average is $104.22 and its 200 day moving average is $127.61. The stock has a market cap of $14.95 billion, a PE ratio of 39.30, a P/E/G ratio of 1.79 and a beta of 1.96. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00.

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 the consensus estimate of $0.65 by $0.08. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The company's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its board has initiated 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 repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.