First American Trust FSB Sells 502 Shares of XPO, Inc. (NYSE:XPO)

First American Trust FSB trimmed its stake in shares of XPO, Inc. (NYSE:XPO) by 20.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,937 shares of the transportation company’s stock after selling 502 shares during the quarter. First American Trust FSB’s holdings in XPO were worth $254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of XPO by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock worth $1,447,231,000 after buying an additional 79,393 shares during the period. D1 Capital Partners L.P. lifted its position in XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. State Street Corp boosted its holdings in shares of XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after acquiring an additional 37,486 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of XPO in the fourth quarter valued at approximately $163,938,000. Finally, Life Planning Partners Inc increased its stake in shares of XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after purchasing an additional 830,963 shares during the period. 97.73% of the stock is owned by institutional investors.

Insider Activity at XPO

In related news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

XPO Trading Down 1.3 %

Shares of XPO stock opened at $110.99 on Wednesday. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00. The stock’s fifty day simple moving average is $127.60 and its 200 day simple moving average is $129.78. 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 firm has a market capitalization of $13.01 billion, a P/E ratio of 34.36, a P/E/G ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping the consensus estimate 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, sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on XPO shares. Truist Financial started coverage on XPO in a research report on Thursday, March 13th. They set a “buy” rating and a $130.00 price objective on the stock. UBS Group boosted their price objective on shares of XPO from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 7th. Jefferies Financial Group raised their target price on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Benchmark boosted 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. Finally, Wells Fargo & Company lowered their price objective on XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO currently has an average rating of “Buy” and an average price target of $158.47.

XPO Company 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.