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

First American Trust FSB lowered its stake in XPO, Inc. (NYSE:XPO) by 20.6% in the 4th quarter, HoldingsChannel.com reports. The fund 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 quarter.

A number of other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc bought a new stake in XPO in the fourth quarter valued at $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in XPO in the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. raised its stake in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after buying an additional 130 shares during the period. Larson Financial Group LLC boosted its holdings in XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after acquiring an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in XPO in the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In other news, COO David J. Bates bought 1,880 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on XPO. Stephens reaffirmed an “overweight” rating and set a $171.00 target price on shares of XPO in a research report on Wednesday, March 5th. Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Thursday, March 6th. Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a report on Monday, February 24th. Oppenheimer upped their target price on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price target on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $158.47.

XPO Price Performance

Shares of NYSE:XPO opened at $110.99 on Wednesday. The company has a market capitalization of $13.01 billion, a P/E ratio of 34.36, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company’s 50-day moving average is $127.60 and its 200 day moving average is $129.78. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $161.00.

XPO (NYSE:XPO) last released its 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 net margin of 4.81% and a return on equity of 30.36%. On average, equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

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.