XPO, Inc. (NYSE:XPO) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,093 shares of the transportation company's stock after selling 29,105 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in XPO were worth $7,357,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on XPO shares. Bank of America raised their price target on XPO from $119.00 to $139.00 and gave the company a "buy" rating in a research report on Friday. Barclays decreased their price objective on shares of XPO from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Citigroup dropped their target price on shares of XPO from $148.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Oppenheimer cut their target price on shares of XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Benchmark increased their price target on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $134.11.

XPO Trading Down 1.9%

NYSE:XPO traded down $2.38 during mid-day trading on Monday, reaching $125.72. The company's stock had a trading volume of 557,218 shares, compared to its average volume of 1,636,343. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $14.81 billion, a P/E ratio of 38.86, a P/E/G ratio of 1.79 and a beta of 1.96. The company's fifty day simple moving average is $105.72 and its two-hundred day simple moving average is $127.63. 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 announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.81% and a return on equity of 30.36%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm posted $0.81 EPS. The company's revenue was down 3.2% on a year-over-year basis. On average, equities analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its board has approved a share repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In related news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction that occurred 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 transaction, the chief operating officer now owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. The trade was a 9.78% increase in their position. The purchase was disclosed in a filing with the SEC, 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.