Tower Research Capital LLC TRC Has $963,000 Position in XPO, Inc. (NYSE:XPO)

Tower Research Capital LLC TRC trimmed its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,339 shares of the transportation company's stock after selling 3,677 shares during the period. Tower Research Capital LLC TRC's holdings in XPO were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Argent Trust Co grew its holdings in shares of XPO by 1.9% in the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock worth $517,000 after purchasing an additional 75 shares during the last quarter. Larson Financial Group LLC lifted its holdings in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares in the last quarter. UMB Bank n.a. lifted its position in XPO by 19.0% during 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. SageView Advisory Group LLC grew its holdings in XPO by 2.1% during the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock valued at $607,000 after purchasing an additional 96 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of XPO by 1.3% during the fourth quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock valued at $1,044,000 after acquiring an additional 100 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

Insider Activity

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on XPO shares. Raymond James lowered their target price on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Truist Financial decreased their price objective on shares of XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Thursday, March 6th. Susquehanna lowered their price objective on shares of XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research report on Monday, March 31st. Finally, Bank of America dropped their target price on shares of XPO from $150.00 to $131.00 and set a "buy" rating for the company in a report on Friday, March 28th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $137.84.

XPO Stock Performance

XPO stock traded down $0.13 during trading on Thursday, reaching $105.99. 843,045 shares of the stock were exchanged, compared to its average volume of 1,627,949. The stock has a 50 day simple moving average of $105.63 and a 200-day simple moving average of $127.54. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $12.48 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last posted its 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 the consensus estimate of $1.98 billion. XPO had a return on equity of 30.36% and a net margin of 4.81%. XPO's revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.81 EPS. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its board has approved a share repurchase program on Thursday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is 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.