Mutual of America Capital Management LLC Cuts Holdings in XPO, Inc. $XPO

Mutual of America Capital Management LLC cut its stake in XPO, Inc. (NYSE:XPO) by 2.9% in the second quarter, Holdings Channel reports. The institutional investor owned 58,586 shares of the transportation company’s stock after selling 1,756 shares during the period. Mutual of America Capital Management LLC’s holdings in XPO were worth $7,399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bridges Investment Management Inc. purchased a new stake in XPO in the second quarter valued at about $997,000. Twin Tree Management LP boosted its stake in XPO by 134.2% during the 2nd quarter. Twin Tree Management LP now owns 14,262 shares of the transportation company’s stock worth $1,801,000 after purchasing an additional 55,962 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of XPO in the 2nd quarter valued at $260,000. TD Asset Management Inc increased its stake in XPO by 2.9% during the second quarter. TD Asset Management Inc now owns 167,800 shares of the transportation company’s stock worth $21,191,000 after purchasing an additional 4,800 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of XPO by 140.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,256 shares of the transportation company’s stock valued at $1,548,000 after buying an additional 7,153 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Bank of America lifted their target price on XPO from $139.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Stifel Nicolaus lowered their price target on shares of XPO from $145.00 to $136.00 and set a “buy” rating for the company in a report on Friday, August 1st. Morgan Stanley lowered their price objective on XPO from $84.00 to $83.00 and set an “underweight” rating for the company in a research note on Monday, October 6th. Wall Street Zen upgraded shares of XPO from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Evercore ISI boosted their target price on shares of XPO from $134.00 to $141.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director directly owned 5,875 shares in the company, valued at $793,360. The trade was a 35.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is owned by corporate insiders.

XPO Stock Performance

XPO stock opened at $133.84 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The company has a market cap of $15.76 billion, a P/E ratio of 46.31, a price-to-earnings-growth ratio of 2.61 and a beta of 1.95. The business’s fifty day moving average is $130.64 and its 200-day moving average is $122.25. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00.

XPO (NYSE:XPO) last announced its earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The firm had revenue of ($2,243.00) million for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. Equities research analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

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.