XPO, Inc. (NYSE:XPO) Shares Bought by Hancock Whitney Corp

Hancock Whitney Corp grew its position in XPO, Inc. (NYSE:XPO - Free Report) by 295.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,899 shares of the transportation company's stock after buying an additional 50,732 shares during the quarter. Hancock Whitney Corp owned 0.06% of XPO worth $8,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in XPO in the 4th quarter valued at about $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of XPO in the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. increased its stake in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after buying an additional 130 shares during the period. Larson Financial Group LLC lifted its holdings in XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after buying an additional 76 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Stock Performance

XPO stock traded down $1.04 during trading on Tuesday, hitting $96.50. The company had a trading volume of 1,473,422 shares, compared to its average volume of 1,762,629. The firm has a 50-day moving average price of $106.70 and a 200-day moving average price of $127.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market cap of $11.37 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its board has authorized a share 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 often an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research note on Friday, March 7th. They issued a "buy" rating and a $156.00 price objective on the stock. UBS Group cut their target price on shares of XPO from $170.00 to $108.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Stifel Nicolaus decreased their price target on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Bank of America dropped their price objective on shares of XPO from $150.00 to $131.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, Susquehanna decreased their price objective on shares of XPO from $180.00 to $138.00 and set a "positive" rating for the company in a research report on Monday, March 31st. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $139.63.

Insider Transactions at XPO

In other XPO news, COO David J. Bates bought 1,880 shares of the company's stock in a transaction on Thursday, March 13th. The shares were bought 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 owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company's stock.

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.