1 week Ago By ABMN Staff
XPO, Inc. ( NYSE:XPO – Get Free Report ) was down 5.6% during trading on Friday .
The company traded as low as $90.00 and last traded at $91.82.
Approximately 238,948 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,599,461 shares. The stock had previously closed at $97.29.
Analyst Ratings Changes A number of brokerages have recently issued reports on XPO. Bank of America lowered their price objective on XPO from $150.00 to $131.
00 and set a “buy” rating for the company in a research report on Friday, March 28th. Jefferies Financial Group lowered their price target on shares of XPO from $170.00 to $135.
00 and set a “buy” rating for the company in a report on Wednesday. Oppenheimer reduced their price objective on shares of XPO from $176.00 to $142.
00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of XPO in a research note on Friday, March 7th. They set a “buy” rating and a $156.
00 target price for the company. 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 report on Thursday, March 6th.
Nineteen investment 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 $140.16.
Get Our Latest Stock Analysis on XPO XPO Price Performance XPO ( NYSE:XPO – Get Free Report ) last issued its quarterly earnings data 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%. On average, research analysts forecast that XPO, Inc.
will post 4.15 EPS for the current year. XPO declared that its Board of Directors has authorized a stock 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 repurchase up to 5.7% of its stock through open market purchases.
Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued. Insiders Place Their Bets In other news, COO David J. Bates bought 1,880 shares of the company’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 transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.
78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Insiders own 2.
00% of the company’s stock. Hedge Funds Weigh In On XPO Several institutional investors have recently modified their holdings of XPO. Stablepoint Partners LLC boosted its position in XPO by 3.
3% in the first quarter. Stablepoint Partners LLC now owns 3,771 shares of the transportation company’s stock worth $406,000 after purchasing an additional 122 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc.
boosted its holdings in shares of XPO by 48.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc.
now owns 1,891 shares of the transportation company’s stock worth $203,000 after buying an additional 616 shares during the last quarter. Gilman Hill Asset Management LLC grew its position in XPO by 5.1% during the first quarter.
Gilman Hill Asset Management LLC now owns 38,390 shares of the transportation company’s stock valued at $4,130,000 after buying an additional 1,873 shares during the period. Rhumbline Advisers increased its holdings in XPO by 0.7% during the first quarter.
Rhumbline Advisers now owns 338,680 shares of the transportation company’s stock worth $36,435,000 after buying an additional 2,296 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in XPO by 144.5% in the first quarter.
Fifth Third Wealth Advisors LLC now owns 10,751 shares of the transportation company’s stock worth $1,157,000 after acquiring an additional 6,354 shares during the period. 97.73% of the stock is owned by institutional investors.
XPO Company Profile ( Get 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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