XPO, Inc. $XPO Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in XPO, Inc. (NYSE:XPO) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,386 shares of the transportation company’s stock after selling 4,200 shares during the quarter. Mutual of America Capital Management LLC’s holdings in XPO were worth $7,030,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Forge First Asset Management Inc. purchased a new stake in shares of XPO during the 2nd quarter worth approximately $6,079,000. Avior Wealth Management LLC purchased a new position in shares of XPO during the 2nd quarter worth about $941,000. Gateway Investment Advisers LLC grew its stake in shares of XPO by 67.2% during the 3rd quarter. Gateway Investment Advisers LLC now owns 18,431 shares of the transportation company’s stock valued at $2,383,000 after buying an additional 7,406 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of XPO by 86.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 86,726 shares of the transportation company’s stock valued at $11,008,000 after purchasing an additional 40,235 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in XPO by 128.8% during the second quarter. First Citizens Bank & Trust Co. now owns 10,549 shares of the transportation company’s stock worth $1,332,000 after buying an additional 5,939 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and set a $170.00 price target on shares of XPO in a report on Tuesday, January 6th. Benchmark upped 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 16th. Morgan Stanley raised their price target on shares of XPO from $83.00 to $90.00 and gave the company an “underweight” rating in a research note on Monday, December 8th. UBS Group raised their price objective on shares of XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of XPO in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.29.

XPO Price Performance

XPO stock opened at $148.66 on Wednesday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $17.45 billion, a P/E ratio of 53.48, a P/E/G ratio of 2.71 and a beta of 2.02. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $155.95. The business’s fifty day moving average is $142.98 and its two-hundred day moving average is $135.04.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, October 30th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.06. XPO had a return on equity of 26.14% and a net margin of 4.13%.The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the firm posted $1.02 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.