Commonwealth Equity Services LLC Has $2.03 Million Position in XPO, Inc. (NYSE:XPO)

Commonwealth Equity Services LLC lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,502 shares of the transportation company’s stock after selling 251 shares during the period. Commonwealth Equity Services LLC’s holdings in XPO were worth $2,033,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new position in shares of XPO during the fourth quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new position in XPO during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. raised its stake in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC boosted its holdings 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 during the period. Finally, Brooklyn Investment Group acquired a new stake in XPO in the 3rd quarter worth $57,000. Institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

Shares of NYSE:XPO opened at $112.82 on Friday. The business has a fifty day moving average of $126.59 and a 200-day moving average of $129.53. The firm has a market cap of $13.23 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00.

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

XPO declared that its board has initiated a stock buyback program on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other XPO news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction 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 completion of the purchase, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

XPO has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Jefferies Financial Group upped their price target on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stephens reissued an “overweight” rating and set a $171.00 price objective on shares of XPO in a report on Wednesday, March 5th. The Goldman Sachs Group upped their target price on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Bank of America decreased their price target on shares of XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $156.37.

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.