TIAA Trust National Association Sells 243 Shares of XPO, Inc. (NYSE:XPO)

TIAA Trust National Association lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,946 shares of the transportation company’s stock after selling 243 shares during the quarter. TIAA Trust National Association’s holdings in XPO were worth $780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. D1 Capital Partners L.P. grew its position in XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after buying an additional 2,153,042 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of XPO during the 4th quarter valued at $163,938,000. Life Planning Partners Inc grew its holdings in shares of XPO by 12,923.2% during the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after purchasing an additional 830,963 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of XPO in the fourth quarter worth $91,158,000. Finally, The Manufacturers Life Insurance Company raised its stake in XPO by 239.5% in the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after purchasing an additional 390,320 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO David J. Bates purchased 1,880 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at $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 insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on XPO. Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and raised their target price for the company from $155.00 to $180.00 in a report on Friday, February 7th. The Goldman Sachs Group lifted their price objective on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company cut their target price on XPO from $170.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday. Jefferies Financial Group lifted their price target on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price objective on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $156.37.

XPO Price Performance

XPO stock opened at $112.82 on Friday. The company has a market capitalization of $13.23 billion, a P/E ratio of 34.93, a PEG ratio of 1.79 and a beta of 2.13. The company has a fifty day moving average price of $126.59 and a 200-day moving average price of $129.53. 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 $97.03 and a 52-week high of $161.00.

XPO (NYSE:XPO) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

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