Balyasny Asset Management L.P. Trims Stock Holdings in XPO, Inc. (NYSE:XPO)

Balyasny Asset Management L.P. lowered its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 706,952 shares of the transportation company's stock after selling 116,912 shares during the period. Balyasny Asset Management L.P. owned 0.61% of XPO worth $92,717,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in XPO during the 3rd quarter worth about $108,000. Tidal Investments LLC boosted its position in shares of XPO by 472.0% in the third quarter. Tidal Investments LLC now owns 14,101 shares of the transportation company's stock valued at $1,516,000 after acquiring an additional 11,636 shares during the period. Principal Financial Group Inc. grew its stake in XPO by 23.7% during the third quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company's stock valued at $51,677,000 after acquiring an additional 91,973 shares in the last quarter. Versant Capital Management Inc bought a new stake in XPO during the 4th quarter worth approximately $29,000. Finally, GAMMA Investing LLC lifted its stake in XPO by 20.2% in the 4th quarter. GAMMA Investing LLC now owns 1,135 shares of the transportation company's stock worth $149,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Truist Financial decreased their price target on shares of XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft started coverage on XPO in a report on Friday, March 7th. They issued a "buy" rating and a $156.00 price target on the stock. Barclays decreased their price objective on shares of XPO from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Susquehanna dropped their target price on shares of XPO from $180.00 to $138.00 and set a "positive" rating for the company in a research report on Monday, March 31st. Finally, Oppenheimer lowered their price objective on shares of XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO has a consensus rating of "Buy" and an average target price of $135.79.

XPO Price Performance

Shares of XPO stock opened at $109.80 on Monday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $12.93 billion, a P/E ratio of 33.99, a P/E/G ratio of 1.79 and a beta of 2.05. The business's 50 day moving average price is $104.98 and its 200-day moving average price is $127.58. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The company's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 EPS. On average, equities research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has approved a share buyback plan on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other news, COO David J. Bates purchased 1,880 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.90% of the company's stock.

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.

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