Natixis Invests $57.80 Million in XPO, Inc. (NYSE:XPO)

Natixis purchased a new stake in XPO, Inc. (NYSE:XPO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 440,686 shares of the transportation company’s stock, valued at approximately $57,796,000. Natixis owned 0.38% of XPO at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Argent Trust Co lifted its stake in shares of XPO by 1.9% in the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company’s stock valued at $517,000 after buying an additional 75 shares in the last quarter. Larson Financial Group LLC lifted its position 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 acquiring an additional 76 shares in the last quarter. UMB Bank n.a. lifted its position in XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 86 shares in the last quarter. SageView Advisory Group LLC increased its holdings in XPO by 2.1% during the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company’s stock worth $607,000 after purchasing an additional 96 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in XPO by 1.3% during the 4th quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company’s stock worth $1,044,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

XPO has been the topic of several analyst reports. Raymond James cut their target price on XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Oppenheimer reduced their target price on shares of XPO from $176.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Barclays dropped their price target on shares of XPO from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Bank of America reduced their price objective on shares of XPO from $150.00 to $131.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, Susquehanna dropped their target price on shares of XPO from $180.00 to $138.00 and set a “positive” rating on the stock in a research report on Monday, March 31st. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $139.89.

Insiders Place Their Bets

In related news, COO David J. Bates acquired 1,880 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by insiders.

XPO Stock Up 3.4 %

Shares of NYSE:XPO opened at $96.67 on Friday. The firm has a fifty day moving average price of $112.17 and a two-hundred day moving average price of $128.07. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.79 and a beta of 2.05. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00.

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

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

About XPO

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.