XPO, Inc. (NYSE:XPO) Shares Acquired by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC boosted its holdings in XPO, Inc. (NYSE:XPO) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,099 shares of the transportation company’s stock after buying an additional 160 shares during the quarter. Perennial Investment Advisors LLC’s holdings in XPO were worth $275,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc bought a new stake in shares of XPO during the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of XPO during the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. boosted its position in shares of XPO by 69.1% in 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 period. Larson Financial Group LLC increased its stake in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after buying an additional 86 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

Shares of NYSE XPO opened at $91.54 on Monday. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $10.73 billion, a P/E ratio of 28.34, a P/E/G ratio of 1.79 and a beta of 2.05. The business’s 50 day moving average is $122.48 and its two-hundred day moving average is $129.73.

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 net margin of 4.81% and a return on equity of 30.36%. On average, equities analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its board has approved a share repurchase program on Thursday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at XPO

In other news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, with a total value 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 trade represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on XPO. Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Thursday, March 6th. Barclays cut their target price on shares of XPO from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Susquehanna decreased their target price on shares of XPO from $180.00 to $138.00 and set a “positive” rating for the company in a research note on Monday, March 31st. Benchmark increased their price objective on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group lifted their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus 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.