XPO, Inc. (NYSE:XPO) Shares Sold by Virtu Financial LLC

Virtu Financial LLC lowered its stake in XPO, Inc. (NYSE:XPO) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,540 shares of the transportation company’s stock after selling 640 shares during the period. Virtu Financial LLC’s holdings in XPO were worth $333,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. D1 Capital Partners L.P. grew its position in XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after buying an additional 2,153,042 shares during the last quarter. State Street Corp lifted its stake in shares of XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after acquiring an additional 37,486 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of XPO in the fourth quarter valued at about $163,938,000. Life Planning Partners Inc increased its stake in shares of XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after acquiring an additional 830,963 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in XPO by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after purchasing an additional 185,686 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insider Transactions at XPO

In related news, COO David J. Bates purchased 1,880 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the purchase, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a report on Monday, February 24th. Vertical Research upgraded XPO from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Thursday, March 6th. UBS Group increased their price objective on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Stephens reissued an “overweight” rating and issued a $171.00 target price on shares of XPO in a report on Wednesday, March 5th. Finally, Bank of America lowered 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 analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $156.37.

XPO Trading Up 1.8 %

Shares of XPO opened at $112.82 on Friday. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The company has a market capitalization 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 stock has a fifty day moving average of $126.59 and a two-hundred day moving average of $129.53. 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 (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate 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, analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its Board of Directors has authorized a stock repurchase program on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is 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.