XPO, Inc. (NYSE:XPO) Shares Bought by Balboa Wealth Partners

Balboa Wealth Partners grew its holdings in shares of XPO, Inc. (NYSE:XPO) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,021 shares of the transportation company’s stock after purchasing an additional 429 shares during the period. Balboa Wealth Partners’ holdings in XPO were worth $352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aigen Investment Management LP acquired a new position in XPO during the 4th quarter valued at about $281,000. Franklin Resources Inc. increased its stake in shares of XPO by 129.9% during the fourth quarter. Franklin Resources Inc. now owns 88,508 shares of the transportation company’s stock valued at $7,752,000 after acquiring an additional 50,007 shares during the period. Trexquant Investment LP acquired a new position in shares of XPO during the fourth quarter valued at approximately $1,483,000. Corient Private Wealth LLC increased its stake in shares of XPO by 9.3% during the fourth quarter. Corient Private Wealth LLC now owns 7,495 shares of the transportation company’s stock valued at $656,000 after acquiring an additional 636 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its stake in XPO by 94.7% during the 4th quarter. Thoroughbred Financial Services LLC now owns 8,225 shares of the transportation company’s stock valued at $720,000 after purchasing an additional 4,000 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

Insider Transactions at XPO

In other news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of XPO stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total value of $141,225,000.00. Following the transaction, the insider now directly owns 11,425,369 shares in the company, valued at $1,290,838,189.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

XPO Stock Down 0.1 %

Shares of NYSE:XPO traded down $0.15 on Thursday, reaching $105.36. The company had a trading volume of 483,056 shares, compared to its average volume of 1,419,293. XPO, Inc. has a twelve month low of $45.24 and a twelve month high of $130.51. The stock has a 50-day moving average price of $117.87 and a 200 day moving average price of $103.56. The stock has a market capitalization of $12.26 billion, a P/E ratio of 51.72, a P/E/G ratio of 1.52 and a beta of 2.17. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.49.

XPO (NYSE:XPO) last announced its quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts expect that XPO, Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stephens reiterated an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Monday, May 6th. Susquehanna lifted their price target on XPO from $100.00 to $140.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Raymond James lifted their price target on XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Barclays lifted their price target on XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group lifted their price target on XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $114.95.

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.