XPO, Inc. (NYSE:XPO) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lessened its position in XPO, Inc. (NYSE:XPO) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,434 shares of the transportation company’s stock after selling 1,107 shares during the quarter. Pallas Capital Advisors LLC’s holdings in XPO were worth $3,598,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in XPO in the third quarter worth approximately $25,000. Quest Partners LLC purchased a new position in shares of XPO in the 2nd quarter valued at $28,000. Versant Capital Management Inc acquired a new stake in XPO during the 4th quarter worth $29,000. UMB Bank n.a. lifted its position in XPO by 356.6% in the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 353 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in XPO in the third quarter valued at $57,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the subject of several research reports. Benchmark reissued a “buy” rating and issued a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Citigroup boosted their price objective on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Susquehanna lowered shares of XPO from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $155.00 in a research report on Tuesday, January 7th. Jefferies Financial Group upped their price target on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.24.

XPO Trading Up 0.8 %

Shares of XPO stock traded up $1.04 during mid-day trading on Monday, hitting $135.23. 1,109,831 shares of the stock were exchanged, compared to its average volume of 1,598,222. XPO, Inc. has a twelve month low of $80.26 and a twelve month high of $161.00. The company has a 50-day simple moving average of $145.55 and a 200 day simple moving average of $124.06. The stock has a market capitalization of $15.74 billion, a price-to-earnings ratio of 43.76, a price-to-earnings-growth ratio of 2.37 and a beta of 2.11. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. Research analysts forecast that XPO, Inc. will post 3.62 EPS 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.