XPO, Inc. (NYSE:XPO) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its position in shares of XPO, Inc. (NYSE:XPO) by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,574 shares of the transportation company’s stock after selling 46,205 shares during the quarter. Sei Investments Co.’s holdings in XPO were worth $14,108,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. D1 Capital Partners L.P. boosted its position in XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after buying an additional 2,153,042 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in XPO during the 4th quarter valued at approximately $163,938,000. Life Planning Partners Inc boosted its holdings in shares of XPO by 12,923.2% in the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock valued at $109,824,000 after acquiring an additional 830,963 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of XPO in the fourth quarter worth $91,158,000. Finally, Holocene Advisors LP raised its holdings in shares of XPO by 61.2% during the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after purchasing an additional 259,727 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other XPO news, COO David J. Bates acquired 1,880 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

XPO Price Performance

Shares of XPO stock opened at $107.36 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $125.98 and a two-hundred day simple moving average of $129.57. The stock has a market capitalization of $12.59 billion, a P/E ratio of 33.24, a PEG ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings data 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%. As a group, analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its board has initiated a share repurchase plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have commented on XPO. Susquehanna raised shares of 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 report on Friday, February 7th. The Goldman Sachs Group upped their target price on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their price target on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research report on Friday, March 7th. They issued a “buy” rating and a $156.00 price objective on the stock. Finally, Truist Financial began coverage on shares of XPO in a report on Thursday, March 13th. They set a “buy” rating and a $130.00 target price for the company. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $155.37.

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.