Corebridge Financial Inc. Sells 5,957 Shares of XPO, Inc. (NYSE:XPO)

Corebridge Financial Inc. cut its position in shares of XPO, Inc. (NYSE:XPO) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 133,011 shares of the transportation company’s stock after selling 5,957 shares during the quarter. Corebridge Financial Inc. owned 0.11% of XPO worth $17,444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its position in XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after acquiring an additional 76 shares during the last quarter. UMB Bank n.a. boosted its holdings in XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after purchasing an additional 86 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in XPO by 1.3% during the fourth 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 during the last quarter. Coldstream Capital Management Inc. grew its position in XPO by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 107 shares in the last quarter. Finally, Greenleaf Trust increased its stake in XPO by 5.0% in the 4th quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock valued at $311,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on XPO. Bank of America reduced their price objective on shares of XPO from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Stephens reissued an “overweight” rating and set a $171.00 price target on shares of XPO in a research report on Wednesday, March 5th. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and raised their price target for the company from $155.00 to $180.00 in a research note on Friday, February 7th. Oppenheimer upped their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Benchmark raised their target price on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO presently has an average rating of “Buy” and a consensus target price of $158.47.

XPO Stock Performance

NYSE:XPO opened at $112.64 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $13.21 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00. The stock’s 50-day simple moving average is $128.09 and its 200 day simple moving average is $129.71.

XPO (NYSE:XPO) last posted its quarterly 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, analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO 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.