C M Bidwell & Associates Ltd. Sells 95 Shares of XPO, Inc. (NYSE:XPO)

C M Bidwell & Associates Ltd. lowered its stake in XPO, Inc. (NYSE:XPO) by 15.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 514 shares of the transportation company’s stock after selling 95 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in XPO were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in XPO. Larson Financial Group LLC increased its holdings in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after acquiring an additional 76 shares in the last quarter. UMB Bank n.a. increased its stake in shares of XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after purchasing an additional 86 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of XPO by 1.3% during the 4th quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company’s stock valued at $1,044,000 after purchasing an additional 100 shares during the period. Coldstream Capital Management Inc. raised its position in shares of XPO by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 107 shares during the period. Finally, Greenleaf Trust boosted its holdings in XPO by 5.0% in the 4th quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock worth $311,000 after buying an additional 114 shares during the period. Institutional investors own 97.73% of the company’s stock.

Insider Buying and Selling

In other news, COO David J. Bates acquired 1,880 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Truist Financial assumed coverage on XPO in a report on Thursday, March 13th. They set a “buy” rating and a $130.00 price target on the stock. Jefferies Financial Group boosted their price target on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays cut their price objective on shares of XPO from $165.00 to $150.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $155.00 to $180.00 in a report on Friday, February 7th. Finally, Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research report on Monday, February 24th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $155.37.

XPO Price Performance

Shares of XPO stock opened at $107.36 on Monday. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average price of $125.98 and a 200-day moving average price of $129.96. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Equities analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its board has authorized a share repurchase program 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is 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.