Jefferies Financial Group Inc. Sells 4,278 Shares of XPO, Inc. (NYSE:XPO)

Jefferies Financial Group Inc. cut its stake in XPO, Inc. (NYSE:XPO) by 42.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,722 shares of the transportation company’s stock after selling 4,278 shares during the period. Jefferies Financial Group Inc.’s holdings in XPO were worth $750,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XPO. Wedmont Private Capital bought a new stake in XPO in the fourth quarter valued at approximately $261,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in XPO by 302.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,275 shares of the transportation company’s stock valued at $167,000 after buying an additional 958 shares during the period. Merit Financial Group LLC acquired a new position in XPO in the fourth quarter valued at approximately $218,000. City Holding Co. lifted its stake in XPO by 10.5% in the fourth quarter. City Holding Co. now owns 6,185 shares of the transportation company’s stock valued at $811,000 after buying an additional 590 shares during the period. Finally, Gilman Hill Asset Management LLC lifted its stake in XPO by 0.8% in the fourth quarter. Gilman Hill Asset Management LLC now owns 36,517 shares of the transportation company’s stock valued at $4,789,000 after buying an additional 280 shares during the period. 97.73% of the stock is currently owned by institutional investors.

XPO Trading Down 1.7%

Shares of XPO stock opened at $125.61 on Friday. The company has a market capitalization of $14.80 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The stock has a fifty day simple moving average of $105.30 and a 200 day simple moving average of $127.64. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. XPO had a return on equity of 30.36% and a net margin of 4.81%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. On average, sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has authorized a stock repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have issued reports on XPO. Barclays dropped their price target on XPO from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Stephens set a $131.00 price target on XPO and gave the company an “overweight” rating in a research note on Thursday, May 1st. Truist Financial lowered their target price on XPO from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus lowered their target price on XPO from $147.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Raymond James lowered their target price on XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $133.68.

Insider Buying and Selling at XPO

In other news, COO David J. Bates purchased 1,880 shares of the business’s 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 purchase, the chief operating officer now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

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.