Perennial Investment Advisors LLC Boosts Position in XPO, Inc. (NYSE:XPO)

Perennial Investment Advisors LLC grew its holdings in shares of XPO, Inc. (NYSE:XPO) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,099 shares of the transportation company’s stock after buying an additional 160 shares during the quarter. Perennial Investment Advisors LLC’s holdings in XPO were worth $275,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Versant Capital Management Inc purchased a new stake in XPO during the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of XPO in the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. boosted its position 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 worth $42,000 after buying an additional 130 shares during the period. Larson Financial Group LLC grew its stake in shares of XPO by 25.6% in the fourth 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 in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In related news, COO David J. Bates acquired 1,880 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research report on Monday, February 24th. Bank of America cut their price objective on shares of XPO from $150.00 to $131.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Barclays decreased their price objective on shares of XPO from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research note on Friday, March 7th. They issued a “buy” rating and a $156.00 price target on the stock. Finally, Raymond James lowered their price objective on XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $150.58.

XPO Stock Performance

Shares of NYSE XPO opened at $91.54 on Monday. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $10.73 billion, a PE ratio of 28.34, a P/E/G ratio of 1.79 and a beta of 2.05. The stock has a 50 day simple moving average of $122.48 and a 200-day simple moving average of $129.73.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

XPO declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is 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.