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

Mutual of America Capital Management LLC lowered its stake in shares of XPO, Inc. (NYSE:XPO) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 reporting period.

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

Insider Buying and Selling at XPO

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

XPO Stock Up 3.0%

Shares of XPO stock opened at $133.84 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The company has a market cap of $15.76 billion, a P/E ratio of 46.31, a PEG ratio of 2.61 and a beta of 1.95. The company’s fifty day simple moving average is $130.64 and its two-hundred day simple moving average is $122.25.

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

Analysts Set New Price Targets

XPO has been the subject of a number of recent analyst reports. Citigroup boosted their price target on shares of XPO from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Wells Fargo & Company upped their target price on XPO from $144.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Bank of America lifted their price target on XPO from $139.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Benchmark restated a “buy” rating and issued a $140.00 price objective on shares of XPO in a research report on Wednesday, October 1st. Finally, Evercore ISI lifted their target price on shares of XPO from $134.00 to $141.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Nineteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.00.

About XPO

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.