LPL Financial LLC Increases Stake in XPO, Inc. (NYSE:XPO)

LPL Financial LLC increased its position in shares of XPO, Inc. (NYSE:XPO) by 57.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,250 shares of the transportation company’s stock after buying an additional 27,034 shares during the period. LPL Financial LLC owned about 0.06% of XPO worth $9,738,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in XPO by 25.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company’s stock worth $2,972,000 after buying an additional 5,680 shares during the last quarter. Townsquare Capital LLC purchased a new stake in XPO during the third quarter worth approximately $232,000. Centiva Capital LP lifted its stake in XPO by 49.5% during the third quarter. Centiva Capital LP now owns 4,754 shares of the transportation company’s stock worth $511,000 after purchasing an additional 1,574 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in XPO by 30.6% in the third quarter. Quantinno Capital Management LP now owns 4,979 shares of the transportation company’s stock valued at $535,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after purchasing an additional 43,237 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Performance

Shares of XPO stock opened at $91.54 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The stock has a 50 day simple moving average of $122.48 and a 200-day simple moving average of $129.47.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, equities analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its Board of Directors has approved a share buyback plan on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at XPO

In other news, COO David J. Bates purchased 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

XPO has been the subject of several research analyst reports. Wells Fargo & Company lowered their target price on shares of XPO from $170.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Truist Financial assumed coverage on shares of XPO in a research note on Thursday, March 13th. They issued a “buy” rating and a $130.00 price objective for the company. The Goldman Sachs Group raised their price target on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Raymond James cut their target price on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, Benchmark increased their price target on shares of XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO presently has an average rating of “Buy” and an average price target of $150.58.

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.