Jefferies Financial Group Inc. Has $750,000 Position in XPO, Inc. (NYSE:XPO)

Jefferies Financial Group Inc. trimmed its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 42.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,722 shares of the transportation company's stock after selling 4,278 shares during the quarter. Jefferies Financial Group Inc.'s holdings in XPO were worth $750,000 at the end of the most recent reporting period.

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

Insider Activity at XPO

In other XPO news, COO David J. Bates bought 1,880 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This represents a 9.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on XPO shares. Truist Financial decreased their price objective on XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research report on Friday, March 7th. They set a "buy" rating and a $156.00 price objective for the company. Susquehanna reduced their price target on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a research report on Monday, March 31st. Benchmark boosted their price target on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Barclays dropped 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO presently has a consensus rating of "Buy" and an average price target of $134.11.

XPO Stock Down 1.4%

Shares of NYSE XPO traded down $1.70 during trading hours on Wednesday, hitting $122.75. The stock had a trading volume of 130,991 shares, compared to its average volume of 1,633,830. The firm's 50-day moving average price is $106.42 and its two-hundred day moving average price is $127.57. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The company has a market capitalization of $14.46 billion, a P/E ratio of 37.95, 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 (NYSE:XPO - Get Free Report) last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. During the same period in the previous year, the company earned $0.81 earnings per share. The company's revenue was down 3.2% compared to the same quarter last year. Analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has approved a stock repurchase plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.