Hancock Whitney Corp Has $8.91 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

Hancock Whitney Corp raised its stake in shares of XPO, Inc. (NYSE:XPO) by 295.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,899 shares of the transportation company’s stock after buying an additional 50,732 shares during the quarter. Hancock Whitney Corp owned about 0.06% of XPO worth $8,905,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors increased its position in shares of XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after buying an additional 2,125,686 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in XPO during the 4th quarter worth approximately $231,667,000. Capital World Investors raised its holdings in XPO by 26.1% during the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after buying an additional 1,605,001 shares during the period. Norges Bank bought a new stake in shares of XPO during the fourth quarter worth $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in XPO in the 4th quarter worth $163,938,000. Institutional investors own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In other news, COO David J. Bates bought 1,880 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

XPO has been the subject of several research reports. Barclays decreased their price target on shares of XPO from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Oppenheimer dropped their target price on XPO from $176.00 to $142.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Citigroup dropped their price objective on XPO from $148.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Truist Financial assumed coverage on shares of XPO in a research note on Thursday, March 13th. They issued a “buy” rating and a $130.00 price target for the company. Finally, Stephens reiterated an “overweight” rating and set a $171.00 price target on shares of XPO in a report on Wednesday, March 5th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $139.89.

XPO Trading Up 3.7 %

NYSE:XPO opened at $100.00 on Thursday. The firm has a market cap of $11.78 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.79 and a beta of 2.05. 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 52 week low of $85.06 and a 52 week high of $161.00. The firm’s fifty day moving average is $109.30 and its 200-day moving average is $127.87.

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

XPO announced that its board has initiated a share 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 repurchase 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.

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.