Ballast Inc. Sells 217 Shares of XPO, Inc. (NYSE:XPO)

Ballast Inc. lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,173 shares of the transportation company’s stock after selling 217 shares during the period. Ballast Inc.’s holdings in XPO were worth $547,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XPO. D1 Capital Partners L.P. bought a new stake in shares of XPO during the 2nd quarter worth $271,532,000. The Manufacturers Life Insurance Company grew its position in shares of XPO by 239.5% in the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after purchasing an additional 390,320 shares during the last quarter. Holocene Advisors LP increased its stake in shares of XPO by 61.2% in the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after purchasing an additional 259,727 shares during the period. Clearbridge Investments LLC lifted its position in shares of XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after purchasing an additional 253,519 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in XPO by 36.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

Shares of NYSE:XPO opened at $137.82 on Friday. The firm’s 50 day simple moving average is $144.69 and its 200 day simple moving average is $125.03. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 44.60, a P/E/G ratio of 1.70 and a beta of 2.11. XPO, Inc. has a fifty-two week low of $81.19 and a fifty-two week high of $161.00.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share. As a group, sell-side analysts forecast that XPO, Inc. will post 3.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on XPO shares. JPMorgan Chase & Co. lifted their price target on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus cut XPO from a “buy” rating to a “hold” rating and cut their price target for the company from $131.00 to $124.00 in a report on Wednesday. Susquehanna lowered shares of XPO from a “positive” rating to a “neutral” rating and decreased their target price for the company from $160.00 to $155.00 in a research report on Tuesday, January 7th. Jefferies Financial Group increased their price objective on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, TD Cowen raised their price target on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.71.

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.