Huntington National Bank Buys 274 Shares of XPO, Inc. (NYSE:XPO)

Huntington National Bank increased its position in XPO, Inc. (NYSE:XPO) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,552 shares of the transportation company’s stock after buying an additional 274 shares during the period. Huntington National Bank’s holdings in XPO were worth $597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of XPO by 25.9% during the third quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company’s stock valued at $2,972,000 after acquiring an additional 5,680 shares in the last quarter. Townsquare Capital LLC bought a new stake in XPO during the 3rd quarter valued at $232,000. Centiva Capital LP raised its holdings in XPO by 49.5% during the third quarter. Centiva Capital LP now owns 4,754 shares of the transportation company’s stock worth $511,000 after buying an additional 1,574 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of XPO by 30.6% in the third quarter. Quantinno Capital Management LP now owns 4,979 shares of the transportation company’s stock valued at $535,000 after buying an additional 1,168 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after buying an additional 43,237 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 acquired 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares of the company’s stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on XPO shares. Benchmark lifted their price target on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Truist Financial initiated coverage on shares of XPO in a research note on Thursday, March 13th. They issued a “buy” rating and a $130.00 target price on the stock. Jefferies Financial Group raised their price target on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. UBS Group increased their price objective on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group boosted their target price on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $150.58.

XPO Stock Performance

NYSE:XPO opened at $91.54 on Friday. The stock has a market cap of $10.73 billion, a P/E ratio of 28.34, a PEG ratio of 1.79 and a beta of 2.13. 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 business’s 50-day moving average price is $122.48 and its two-hundred day moving average price is $129.47. XPO, Inc. has a twelve month low of $85.06 and a twelve month 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 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%. As a group, equities analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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