Hsbc Holdings PLC Has $457,000 Stake in XPO, Inc. (NYSE:XPO)

Hsbc Holdings PLC decreased its position in XPO, Inc. (NYSE:XPO - Free Report) by 84.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,465 shares of the transportation company's stock after selling 19,207 shares during the period. Hsbc Holdings PLC's holdings in XPO were worth $457,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in XPO. Versant Capital Management Inc bought a new stake in shares of XPO during the 4th quarter worth about $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of XPO during the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. raised its holdings in 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 in the last quarter. Larson Financial Group LLC lifted 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 purchasing an additional 76 shares during the period. Finally, UMB Bank n.a. lifted its position in XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after purchasing an additional 86 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

XPO has been the topic of a number of research reports. Oppenheimer dropped their price objective on XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. dropped their price target on shares of XPO from $132.00 to $121.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Benchmark upped their price target on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. 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 note on Monday, March 31st. Finally, Citigroup dropped their target price on shares of XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $133.68.

XPO Stock Up 0.5%

NYSE XPO traded up $0.59 during trading on Tuesday, reaching $127.10. 525,500 shares of the company's stock were exchanged, compared to its average volume of 1,629,222. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The firm has a market capitalization of $14.97 billion, a PE ratio of 39.35, a P/E/G ratio of 1.79 and a beta of 1.96. 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's fifty day simple moving average is $104.22 and its 200-day simple moving average is $127.61.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping 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 firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company posted $0.81 EPS. The business's quarterly revenue was down 3.2% compared to the same quarter last year. Sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its board has authorized a share repurchase plan on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO David J. Bates bought 1,880 shares of the company's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $106.16 per share, with a total value 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. This trade represents a 9.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.