Okabena Investment Services Inc. Acquires 3,646 Shares of XPO, Inc. (NYSE:XPO)

Okabena Investment Services Inc. grew its stake in shares of XPO, Inc. (NYSE:XPO) by 81.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,107 shares of the transportation company’s stock after buying an additional 3,646 shares during the period. Okabena Investment Services Inc.’s holdings in XPO were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of XPO. Pictet Asset Management Holding SA lifted its stake in XPO by 6.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 15,786 shares of the transportation company’s stock worth $2,070,000 after purchasing an additional 1,015 shares in the last quarter. X Square Capital LLC boosted its stake in XPO by 0.9% during the fourth quarter. X Square Capital LLC now owns 22,545 shares of the transportation company’s stock valued at $2,957,000 after buying an additional 192 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in XPO during the 4th quarter valued at approximately $1,579,000. Norges Bank bought a new stake in XPO in the 4th quarter worth approximately $188,808,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of XPO during the 4th quarter valued at approximately $83,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insider Transactions at XPO

In related news, COO David J. Bates bought 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

XPO has been the subject of several research reports. Benchmark increased their price objective on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Truist Financial assumed coverage on XPO in a research report on Thursday, March 13th. They issued a “buy” rating and a $130.00 price target for the company. The Goldman Sachs Group raised their price objective on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Bank of America cut their target price on XPO from $150.00 to $131.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Stephens restated an “overweight” rating and issued a $171.00 price target on shares of XPO in a research report on Wednesday, March 5th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, XPO has a consensus rating of “Buy” and a consensus target price of $155.37.

XPO Trading Down 5.2 %

Shares of NYSE XPO opened at $107.36 on Friday. The business has a fifty day moving average price of $125.98 and a 200 day moving average price of $129.57. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. 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 stock has a market capitalization of $12.59 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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

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.