United Capital Financial Advisors LLC Reduces Stock Position in XPO, Inc. (NYSE:XPO)

United Capital Financial Advisors LLC lowered its position in XPO, Inc. (NYSE:XPO) by 28.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,501 shares of the transportation company’s stock after selling 2,637 shares during the period. United Capital Financial Advisors LLC’s holdings in XPO were worth $853,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of XPO. LPL Financial LLC increased its position in shares of XPO by 57.3% in the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company’s stock valued at $9,738,000 after buying an additional 27,034 shares in the last quarter. Renaissance Technologies LLC increased its holdings in XPO by 40.0% during the 4th quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company’s stock valued at $31,138,000 after acquiring an additional 67,800 shares in the last quarter. Natixis Advisors LLC raised its position in XPO by 42.8% during the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company’s stock worth $8,054,000 after acquiring an additional 18,398 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in XPO during the fourth quarter worth about $423,000. Finally, Invesco Ltd. lifted its holdings in shares of XPO by 29.6% in the fourth quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company’s stock valued at $244,369,000 after purchasing an additional 425,678 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on XPO. Benchmark lifted their price objective on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Susquehanna cut their price target on XPO from $180.00 to $138.00 and set a “positive” rating for the company in a report on Monday, March 31st. Stephens reaffirmed an “overweight” rating and set a $171.00 price objective on shares of XPO in a research note on Wednesday, March 5th. UBS Group cut their target price on shares of XPO from $170.00 to $108.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Raymond James decreased their price target on shares of XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $139.89.

XPO Stock Performance

XPO stock opened at $96.67 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The stock’s 50-day moving average is $112.17 and its 200-day moving average is $128.21.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating 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%. Equities analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has approved a stock repurchase plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $106.16 per share, for a total transaction 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 $2,240,612.96. This trade represents a 9.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.

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.