Jefferies Financial Group Inc. Sells 4,278 Shares of XPO, Inc. (NYSE:XPO)

Jefferies Financial Group Inc. lowered its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 42.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,722 shares of the transportation company's stock after selling 4,278 shares during the period. Jefferies Financial Group Inc.'s holdings in XPO were worth $750,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Capital Research Global Investors lifted its position in shares of XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after acquiring an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in XPO in the fourth quarter worth $231,667,000. Capital World Investors boosted its stake in XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after buying an additional 1,605,001 shares in the last quarter. Norges Bank bought a new stake in XPO in the 4th quarter valued at $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of XPO in the 4th quarter valued at $163,938,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered their target price on shares of XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research report on Thursday, March 6th. Wells Fargo & Company decreased their price target on XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their price objective on XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Finally, Citigroup reduced their price target on shares of XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $134.11.

XPO Price Performance

Shares of NYSE:XPO traded down $2.43 during trading on Monday, hitting $125.67. 1,619,739 shares of the company were exchanged, compared to its average volume of 1,640,450. The business's 50 day moving average is $105.72 and its 200-day moving average is $127.63. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. 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 company has a market capitalization of $14.80 billion, a P/E ratio of 38.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion for 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 revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. Equities analysts forecast 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 plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at XPO

In related news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction on Thursday, March 13th. The shares were 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 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 SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by company insiders.

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.