XPO, Inc. (NYSE:XPO) Stock Holdings Lowered by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its position in XPO, Inc. (NYSE:XPO) by 15.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,643 shares of the transportation company’s stock after selling 471 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in XPO were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC raised its stake in XPO by 57.3% during the 4th quarter. LPL Financial LLC now owns 74,250 shares of the transportation company’s stock valued at $9,738,000 after acquiring an additional 27,034 shares in the last quarter. Stifel Financial Corp raised its stake in shares of XPO by 159.1% during 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 in the last quarter. Neo Ivy Capital Management acquired a new stake in XPO in the third quarter worth about $534,000. Natixis Advisors LLC grew its position in XPO by 42.8% in the 4th quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company’s stock valued at $8,054,000 after buying an additional 18,398 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in XPO during the 4th quarter valued at about $423,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Price Performance

NYSE:XPO opened at $91.10 on Wednesday. XPO, Inc. has a 52 week low of $85.06 and a 52 week 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. The firm’s 50-day simple moving average is $119.67 and its 200 day simple moving average is $129.14. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 1.79 and a beta of 2.05.

XPO (NYSE:XPO) last posted its quarterly 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%. As a group, sell-side analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its board has authorized 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 repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO David J. Bates acquired 1,880 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on XPO shares. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a report on Monday, February 24th. Benchmark boosted their price target on shares of XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Bank of America reduced their price objective on shares of XPO from $150.00 to $131.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Thursday, March 6th. Finally, Jefferies Financial Group raised their target price on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $141.74.

About XPO

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.