Gotham Asset Management LLC Sells 420 Shares of XPO, Inc. (NYSE:XPO)

Gotham Asset Management LLC lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 34,031 shares of the transportation company’s stock after selling 420 shares during the period. Gotham Asset Management LLC’s holdings in XPO were worth $4,463,000 as of its most recent SEC filing.

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

XPO Stock Up 1.2%

NYSE XPO opened at $127.50 on Thursday. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 1.79 and a beta of 1.96. 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 fifty day moving average of $104.91 and a two-hundred day moving average of $127.60.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 EPS. On average, analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its Board of Directors has approved a stock buyback plan on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the topic of several research analyst reports. Barclays lowered their price objective on XPO from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Truist Financial lowered their price target on XPO from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of XPO in a report on Friday, March 7th. They set a “buy” rating and a $156.00 price objective for the company. Oppenheimer lowered their target price on shares of XPO from $142.00 to $126.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Finally, Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Thursday, March 6th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $133.68.

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.