Tidal Investments LLC Decreases Stock Holdings in XPO, Inc. (NYSE:XPO)

Tidal Investments LLC trimmed its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 59.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,711 shares of the transportation company's stock after selling 8,390 shares during the quarter. Tidal Investments LLC's holdings in XPO were worth $749,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Merit Financial Group LLC purchased a new position in XPO during the fourth quarter valued at approximately $218,000. Janney Montgomery Scott LLC lifted its holdings in XPO by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 39,178 shares of the transportation company's stock valued at $5,138,000 after purchasing an additional 1,524 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in XPO during the fourth quarter valued at approximately $423,000. Geneos Wealth Management Inc. lifted its holdings in shares of XPO by 32.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,027 shares of the transportation company's stock worth $135,000 after buying an additional 249 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its holdings in shares of XPO by 24.4% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,213 shares of the transportation company's stock worth $815,000 after buying an additional 1,220 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Oppenheimer lowered their target price 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. Truist Financial lowered their target price 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. Susquehanna lowered their target price on shares of XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. lowered their target price on shares of XPO from $132.00 to $121.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, Stifel Nicolaus lowered their target price on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $134.11.

Insiders Place Their Bets

In other XPO news, COO David J. Bates bought 1,880 shares of the company's stock in a transaction 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 acquisition, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.

XPO Stock Down 3.2%

XPO stock traded down $3.75 during midday trading on Friday, hitting $113.79. 2,053,651 shares of the company's stock were exchanged, compared to its average volume of 1,644,966. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The firm has a 50-day moving average of $107.68 and a two-hundred day moving average of $125.90. The company has a market cap of $13.41 billion, a PE ratio of 35.23, a P/E/G ratio of 1.79 and a beta of 1.96.

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

XPO announced that its board has approved a stock buyback plan on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

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.