XPO, Inc. (NYSE:XPO) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 84.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,116 shares of the transportation company's stock after selling 467,189 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of XPO worth $11,294,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of XPO in the 3rd quarter valued at $108,000. Tidal Investments LLC increased its holdings in XPO by 472.0% in the third quarter. Tidal Investments LLC now owns 14,101 shares of the transportation company's stock valued at $1,516,000 after buying an additional 11,636 shares during the last quarter. Principal Financial Group Inc. raised its stake in XPO by 23.7% in the third quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company's stock valued at $51,677,000 after buying an additional 91,973 shares in the last quarter. Versant Capital Management Inc purchased a new stake in XPO during the 4th quarter worth about $29,000. Finally, GAMMA Investing LLC boosted its position in shares of XPO by 20.2% during the 4th quarter. GAMMA Investing LLC now owns 1,135 shares of the transportation company's stock worth $149,000 after acquiring an additional 191 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Thursday, March 6th. Raymond James reduced their price objective on shares of XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group dropped their target price on shares of XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Evercore ISI boosted their price target on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Stifel Nicolaus dropped their price objective on XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat, XPO currently has a consensus rating of "Buy" and a consensus target price of $135.79.

XPO Stock Up 5.6 %

XPO opened at $109.80 on Monday. The business has a 50 day simple moving average of $104.98 and a 200-day simple moving average of $127.58. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The stock has a market capitalization of $12.93 billion, a P/E ratio of 33.99, a P/E/G ratio of 1.79 and a beta of 2.05. 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 issued 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 company had revenue of $1.95 billion for 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 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. On average, equities analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its board has approved a share buyback 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 purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

XPO Company 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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