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

TIAA Trust National Association trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in XPO during the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of XPO during the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. lifted its holdings in shares of XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC grew its position in shares of XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares during the period. Finally, Brooklyn Investment Group bought a new stake in XPO during the 3rd quarter worth approximately $57,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a report on Friday, March 7th. They issued a “buy” rating and a $156.00 price target for the company. Stephens reiterated an “overweight” rating and set a $171.00 target price on shares of XPO in a report on Wednesday, March 5th. Barclays cut their price target on XPO from $165.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Jefferies Financial Group upped their price objective on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Bank of America dropped their target price on XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $156.37.

XPO Stock Performance

Shares of XPO opened at $112.82 on Friday. The company has a market cap of $13.23 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The firm has a 50-day moving average of $126.59 and a 200-day moving average of $129.53. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

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

Insider Buying and Selling

In other XPO news, COO David J. Bates purchased 1,880 shares of the business’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 acquisition, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is owned by insiders.

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.