Pallas Capital Advisors LLC Has $314,000 Stake in XPO, Inc. (NYSE:XPO)

Pallas Capital Advisors LLC decreased its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 89.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,918 shares of the transportation company's stock after selling 24,516 shares during the period. Pallas Capital Advisors LLC's holdings in XPO were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Argent Trust Co grew its position in shares of XPO by 1.9% during the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock worth $517,000 after buying an additional 75 shares during the period. Larson Financial Group LLC increased its stake in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares in the last quarter. Scientech Research LLC lifted its holdings in XPO by 0.9% during the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock worth $1,291,000 after buying an additional 84 shares during the last quarter. SageView Advisory Group LLC boosted its position in XPO by 2.1% during the fourth 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 grew its holdings in shares of 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 during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Price Performance

Shares of XPO stock traded down $2.77 on Tuesday, reaching $119.79. 743,040 shares of the stock were exchanged, compared to its average volume of 1,626,729. The firm's 50 day moving average is $111.69 and its 200-day moving average is $123.41. The firm has a market cap of $14.11 billion, a PE ratio of 36.86, a P/E/G ratio of 2.30 and a beta of 1.92. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.02. XPO, Inc. has a one year low of $85.06 and a one year 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, beating the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.87% and a return on equity of 28.27%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The firm's revenue was down 3.2% compared to the same quarter last year. As a group, analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Raymond James Financial lowered their price target on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Barclays raised their price target on shares of XPO from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Wells Fargo & Company decreased their target price on XPO from $130.00 to $116.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research report on Thursday, March 6th. Finally, Oppenheimer dropped their price objective on shares of XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat, XPO has an average rating of "Buy" and a consensus price target of $134.89.

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.