XPO, Inc. (NYSE:XPO) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in shares of XPO, Inc. (NYSE:XPO) by 109.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 57,803 shares of the transportation company’s stock after buying an additional 30,155 shares during the quarter. BNP Paribas Financial Markets’ holdings in XPO were worth $7,581,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Algert Global LLC grew its stake in XPO by 9.1% during the 4th quarter. Algert Global LLC now owns 47,328 shares of the transportation company’s stock valued at $6,207,000 after purchasing an additional 3,933 shares during the last quarter. Anderson Financial Strategies LLC purchased a new stake in XPO during the 4th quarter valued at about $1,233,000. Freestone Grove Partners LP purchased a new stake in XPO during the 4th quarter valued at about $4,053,000. Comerica Bank grew its stake in XPO by 9.4% during the 4th quarter. Comerica Bank now owns 56,607 shares of the transportation company’s stock valued at $7,424,000 after purchasing an additional 4,882 shares during the last quarter. Finally, Utah Retirement Systems grew its stake in XPO by 1.6% during the 4th quarter. Utah Retirement Systems now owns 6,193 shares of the transportation company’s stock valued at $812,000 after purchasing an additional 100 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO David J. Bates bought 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at $2,240,612.96. This trade represents a 9.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on XPO shares. JPMorgan Chase & Co. dropped their price target on XPO from $132.00 to $121.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. 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 note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research note on Friday, March 7th. They issued a “buy” rating and a $156.00 target price on the stock. Oppenheimer lowered their target price on XPO from $142.00 to $126.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Finally, Wells Fargo & Company lowered their price target on XPO from $130.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO has an average rating of “Buy” and an average price target of $133.68.

XPO Price Performance

NYSE:XPO opened at $126.72 on Tuesday. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. 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 market capitalization of $14.93 billion, a P/E ratio of 39.23, a P/E/G ratio of 1.79 and a beta of 1.96. The stock’s fifty day moving average is $104.22 and its two-hundred day moving average is $127.61.

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

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

About XPO

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.