XPO, Inc. (NYSE:XPO) is Hauser Brothers GmbH’s Largest Position

Hauser Brothers GmbH reduced its position in XPO, Inc. (NYSE:XPO) by 27.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 252,300 shares of the transportation company’s stock after selling 94,800 shares during the quarter. XPO accounts for approximately 23.7% of Hauser Brothers GmbH’s holdings, making the stock its biggest holding. Hauser Brothers GmbH owned approximately 0.22% of XPO worth $33,089,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XPO. Versant Capital Management Inc purchased a new stake in shares of XPO in the fourth quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. boosted its stake in shares of XPO by 69.1% during the fourth 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 grew its holdings in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in XPO by 19.0% in 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.

Insider Activity at XPO

In related news, COO David J. Bates bought 1,880 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares of the company’s stock, 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 filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays dropped 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 reduced their price objective on XPO from $180.00 to $138.00 and set a “positive” rating on the stock in a report on Monday, March 31st. Wells Fargo & Company cut their price target on XPO from $170.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Truist Financial began coverage on shares of XPO in a research note on Thursday, March 13th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, 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. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO presently has an average rating of “Buy” and a consensus price target of $139.89.

XPO Price Performance

Shares of XPO opened at $96.67 on Monday. The firm has a market capitalization of $11.39 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The company’s fifty day moving average price is $112.17 and its 200-day moving average price is $128.37. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its board has approved a stock buyback plan on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are generally 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.