Stifel Financial Corp Sells 43,785 Shares of XPO, Inc. (NYSE:XPO)

Stifel Financial Corp decreased its position in XPO, Inc. (NYSE:XPO - Free Report) by 62.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,622 shares of the transportation company's stock after selling 43,785 shares during the quarter. Stifel Financial Corp's holdings in XPO were worth $3,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. LPL Financial LLC raised its stake in XPO by 57.3% during the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock valued at $9,738,000 after purchasing an additional 27,034 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of XPO by 40.0% in the 4th quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock worth $31,138,000 after buying an additional 67,800 shares during the last quarter. Natixis Advisors LLC raised its position in shares of XPO by 42.8% during the 4th quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock valued at $8,054,000 after buying an additional 18,398 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of XPO in the 4th quarter valued at about $423,000. Finally, Invesco Ltd. grew its position in XPO by 29.6% in the fourth quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock worth $244,369,000 after acquiring an additional 425,678 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XPO has been the subject of a number of recent research reports. Oppenheimer dropped their target price on XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday. Susquehanna dropped their target price on shares of XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research note on Monday, March 31st. Raymond James dropped their price target on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Barclays cut their price objective on shares of XPO from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a report on Friday, March 7th. They issued a "buy" rating and a $156.00 target price for the company. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO presently has a consensus rating of "Buy" and a consensus target price of $135.79.

Insiders Place Their Bets

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

XPO Trading Up 5.6 %

NYSE XPO opened at $109.80 on Friday. The company has a fifty day moving average of $104.98 and a 200 day moving average of $127.41. The company has a market capitalization of $12.93 billion, a PE ratio of 33.99, a P/E/G 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. 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 earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm 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 business's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. Research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its Board of Directors has approved a share repurchase plan on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to buy up to 5.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are 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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