KBC Group NV Has $541,000 Position in XPO, Inc. (NYSE:XPO)

KBC Group NV reduced its stake in XPO, Inc. (NYSE:XPO) by 78.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,025 shares of the transportation company’s stock after selling 18,707 shares during the period. KBC Group NV’s holdings in XPO were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 113 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after buying an additional 130 shares during the period. Larson Financial Group LLC boosted its position in XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after buying an additional 76 shares during the period. Parallel Advisors LLC boosted its position in XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company’s stock worth $52,000 after buying an additional 180 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in XPO during the 4th quarter worth approximately $83,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Bank of America lifted their target price on shares of XPO from $119.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Raymond James Financial cut their target price on shares of XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Stephens reiterated an “overweight” rating and set a $131.00 target price on shares of XPO in a research report on Thursday, June 5th. Susquehanna lifted their target price on shares of XPO from $138.00 to $145.00 and gave the stock a “positive” rating in a research report on Wednesday, June 18th. Finally, Evercore ISI raised their price target on shares of XPO from $115.00 to $116.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $134.89.

XPO Stock Performance

NYSE:XPO opened at $132.13 on Friday. The company has a fifty day moving average of $119.18 and a 200-day moving average of $121.04. The firm has a market capitalization of $15.57 billion, a P/E ratio of 40.66, a P/E/G ratio of 2.52 and a beta of 1.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.03. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00.

XPO (NYSE:XPO) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. XPO’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 EPS. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its board has authorized a stock buyback plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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.