12,042 Shares in XPO, Inc. (NYSE:XPO) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in XPO, Inc. (NYSE:XPO) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 12,042 shares of the transportation company’s stock, valued at approximately $1,579,000.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in XPO during the fourth quarter worth approximately $188,808,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in XPO in the fourth quarter valued at approximately $163,938,000. Life Planning Partners Inc lifted its position in XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock valued at $109,824,000 after buying an additional 830,963 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in XPO during the fourth quarter worth approximately $91,158,000. Finally, Holocene Advisors LP increased its position in shares of XPO by 61.2% in the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after acquiring an additional 259,727 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XPO has been the subject of a number of research reports. Truist Financial assumed coverage on shares of XPO in a research report on Thursday, March 13th. They set a “buy” rating and a $130.00 price target for the company. Jefferies Financial Group upped their price target on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 10th. Oppenheimer raised their price objective on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Benchmark upped their target price on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Vertical Research upgraded XPO from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Thursday, March 6th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $155.37.

Insider Transactions at XPO

In other XPO news, COO David J. Bates bought 1,880 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average price 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 approximately $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

XPO Stock Performance

XPO stock opened at $107.36 on Monday. The stock’s fifty day moving average is $125.98 and its two-hundred day moving average is $129.96. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 33.24, a PEG 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. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00.

XPO (NYSE:XPO) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are 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.