Teacher Retirement System of Texas Has $1.87 Million Stock Position in XPO, Inc. (NYSE:XPO)

Teacher Retirement System of Texas cut its stake in shares of XPO, Inc. (NYSE:XPO) by 43.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,217 shares of the transportation company’s stock after selling 10,982 shares during the quarter. Teacher Retirement System of Texas’ holdings in XPO were worth $1,865,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc bought a new stake in XPO during the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO during the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. increased its stake in shares of 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 during the period. Larson Financial Group LLC raised its holdings in XPO by 25.6% in the 4th 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 during the last quarter. Finally, Brooklyn Investment Group bought a new stake in XPO during the 3rd quarter worth approximately $57,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO David J. Bates bought 1,880 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

XPO has been the subject of several analyst reports. Truist Financial started coverage on shares of XPO in a research note on Thursday, March 13th. They set a “buy” rating and a $130.00 price target for the company. JPMorgan Chase & Co. raised their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and upped their price target for the company from $155.00 to $180.00 in a research report on Friday, February 7th. Benchmark raised their price objective on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, UBS Group upped their target price on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 7th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO has an average rating of “Buy” and an average price target of $156.37.

XPO Trading Up 1.8 %

NYSE:XPO opened at $112.82 on Friday. The firm has a fifty day simple moving average of $126.59 and a two-hundred day simple moving average of $129.53. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 1.79 and a beta of 2.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its board has authorized a share repurchase plan on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management 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.