Northern Trust Corp Buys 196,360 Shares of XPO, Inc. (NYSE:XPO)

Northern Trust Corp raised its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 24.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,008,124 shares of the transportation company's stock after purchasing an additional 196,360 shares during the period. Northern Trust Corp owned 0.87% of XPO worth $132,215,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Coldstream Capital Management Inc. raised its holdings in shares of XPO by 4.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,340 shares of the transportation company's stock valued at $307,000 after purchasing an additional 101 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of XPO by 295.5% in the fourth quarter. Hancock Whitney Corp now owns 67,899 shares of the transportation company's stock worth $8,905,000 after buying an additional 50,732 shares during the last quarter. Hood River Capital Management LLC boosted its stake in shares of XPO by 3.7% during the 4th quarter. Hood River Capital Management LLC now owns 798,543 shares of the transportation company's stock worth $104,729,000 after acquiring an additional 28,428 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of XPO during the 4th quarter valued at about $231,667,000. Finally, Pinebridge Investments L.P. raised its stake in shares of XPO by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 30,589 shares of the transportation company's stock valued at $4,012,000 after acquiring an additional 9,156 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Price Performance

Shares of NYSE:XPO traded down $0.30 during midday trading on Monday, reaching $109.44. 1,657,253 shares of the company's stock were exchanged, compared to its average volume of 1,621,286. The firm has a market capitalization of $12.89 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The company's 50 day simple moving average is $104.98 and its two-hundred day simple moving average is $127.58. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. 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 released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. XPO had a return on equity of 30.36% and a net margin of 4.81%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The company's quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has approved a stock repurchase program on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to buy 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 shares are undervalued.

Analyst Ratings Changes

XPO has been the topic of several analyst reports. UBS Group increased their price target on XPO from $108.00 to $123.00 and gave the company a "buy" rating in a report on Thursday. Benchmark lifted their target price on shares of XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Truist Financial decreased their price target on shares of XPO from $130.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Susquehanna dropped their price objective on XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research note on Monday, March 31st. Finally, JPMorgan Chase & Co. decreased their target price on XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a research note on Thursday. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO has an average rating of "Buy" and an average price target of $135.79.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates purchased 1,880 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.90% of the company's stock.

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.