Westwood Holdings Group Inc. Sells 114,442 Shares of XPO, Inc. (NYSE:XPO)

Westwood Holdings Group Inc. reduced its position in XPO, Inc. (NYSE:XPO) by 43.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,197 shares of the transportation company’s stock after selling 114,442 shares during the quarter. Westwood Holdings Group Inc.’s holdings in XPO were worth $19,829,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XPO. Two Sigma Investments LP boosted its stake in XPO by 7.8% during the fourth quarter. Two Sigma Investments LP now owns 27,700 shares of the transportation company’s stock valued at $3,633,000 after buying an additional 2,000 shares during the period. Scientech Research LLC boosted its position in shares of XPO by 0.9% during the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company’s stock valued at $1,291,000 after acquiring an additional 84 shares during the last quarter. Snowden Capital Advisors LLC boosted its position in shares of XPO by 30.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 5,265 shares of the transportation company’s stock valued at $691,000 after acquiring an additional 1,222 shares during the last quarter. Shell Asset Management Co. boosted its position in shares of XPO by 31.0% during the 4th quarter. Shell Asset Management Co. now owns 1,565 shares of the transportation company’s stock valued at $205,000 after acquiring an additional 370 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of XPO by 11.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 3,639 shares of the transportation company’s stock valued at $477,000 after acquiring an additional 365 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

Shares of XPO stock opened at $125.67 on Tuesday. 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 fifty-two week low of $85.06 and a fifty-two week high of $161.00. The stock has a 50 day moving average price of $106.05 and a two-hundred day moving average price of $127.60. The company has a market capitalization of $14.80 billion, a P/E ratio of 38.91, a PEG ratio of 1.79 and a beta of 1.96.

XPO (NYSE:XPO) last posted its quarterly 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 net margin of 4.81% and a return on equity of 30.36%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.81 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. Analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on XPO. Truist Financial dropped their target price on shares of XPO from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Susquehanna dropped their price objective on shares of XPO from $180.00 to $138.00 and set a “positive” rating for the company in a report on Monday, March 31st. Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Thursday, March 6th. Bank of America lifted their price objective on shares of XPO from $119.00 to $139.00 and gave the stock a “buy” rating in a report on Friday. Finally, Citigroup dropped their price target on XPO from $148.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $134.11.

Insider Activity

In other XPO news, COO David J. Bates purchased 1,880 shares of the 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 transaction, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. This trade represents a 9.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.90% of the company’s stock.

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.