Envestnet Asset Management Inc. Has $13.97 Million Holdings in XPO, Inc. (NYSE:XPO)

Envestnet Asset Management Inc. raised its holdings in XPO, Inc. ( NYSE:XPO – Free Report ) by 8.

0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,524 shares of the transportation company’s stock after acquiring an additional 7,936 shares during the period. Envestnet Asset Management Inc.



’s holdings in XPO were worth $13,971,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors also recently modified their holdings of XPO. Versant Capital Management Inc bought a new position in shares of XPO during the 4th quarter valued at about $29,000.

Halbert Hargrove Global Advisors LLC acquired a new stake in XPO during the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. lifted its stake in XPO by 69.

1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after buying an additional 130 shares in the last quarter.

Larson Financial Group LLC lifted its stake in XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after buying an additional 76 shares in the last quarter.

Finally, UMB Bank n.a. boosted its holdings in shares of XPO by 19.

0% in the fourth quarter. UMB Bank n.a.

now owns 538 shares of the transportation company’s stock valued at $71,000 after buying an additional 86 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets Several equities research analysts recently commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $171.00 price objective on shares of XPO in a research report on Wednesday, March 5th.

Bank of America cut their price target on XPO from $150.00 to $131.00 and set a “buy” rating on the stock in a report on Friday, March 28th.

Deutsche Bank Aktiengesellschaft started 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.

Truist Financial assumed coverage on shares of XPO in a report on Thursday, March 13th. They issued a “buy” rating and a $130.00 price objective on the stock.

Finally, Susquehanna reduced their target price 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.

Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO presently has an average rating of “Buy” and a consensus price target of $139.89. XPO Price Performance NYSE:XPO opened at $93.

64 on Thursday. XPO, Inc. has a 12-month low of $85.

06 and a 12-month high of $161.00. The firm has a market capitalization of $11.

03 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 1.79 and a beta of 2.

05. The stock’s 50 day moving average price is $114.19 and its two-hundred day moving average price is $128.

21. The company has a quick ratio of 1.06, a current ratio of 1.

06 and a debt-to-equity ratio of 2.08. XPO ( NYSE:XPO – Get Free Report ) last posted its quarterly 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 return on equity of 30.36% and a net margin of 4.

81%. On average, analysts anticipate that XPO, Inc. will post 4.

15 earnings per share for the current year. XPO announced that its board has authorized a stock buyback program on Thursday, March 27th that permits the company to buyback $750.00 million in shares.

This buyback authorization permits the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling In related news, COO David J. Bates acquired 1,880 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $106.

16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, 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 position.

The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . 2.00% of the stock is currently owned by insiders.

About XPO ( Free Report ) 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.

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