Ethic Inc. Has $968,000 Stake in XPO, Inc. (NYSE:XPO)

Ethic Inc. decreased its position in shares of XPO, Inc. (NYSE:XPO) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,383 shares of the transportation company’s stock after selling 500 shares during the period. Ethic Inc.’s holdings in XPO were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at XPO

In related news, COO David J. Bates purchased 1,880 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. This represents a 9.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is owned by company insiders.

Analyst Ratings Changes

XPO has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of XPO from $132.00 to $121.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of XPO in a research note on Friday, March 7th. They issued a “buy” rating and a $156.00 price objective on the stock. Citigroup reduced their price objective on shares of XPO from $148.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Susquehanna reduced their price target on shares of XPO from $180.00 to $138.00 and set a “positive” rating on the stock in a research report on Monday, March 31st. Finally, Wells Fargo & Company reduced their price target on shares of XPO from $130.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $133.68.

XPO Stock Performance

Shares of XPO opened at $126.02 on Wednesday. The firm has a 50-day moving average of $104.52 and a 200-day moving average of $127.60. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a market cap of $14.85 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. 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 (NYSE:XPO) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.81% and a return on equity of 30.36%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. XPO’s revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

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

XPO 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.