Mutual of America Capital Management LLC Decreases Holdings in XPO, Inc. (NYSE:XPO)

Mutual of America Capital Management LLC reduced its position in XPO, Inc. (NYSE:XPO) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,606 shares of the transportation company’s stock after selling 2,578 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of XPO worth $7,070,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of XPO in the fourth quarter valued at $79,592,000. CenterBook Partners LP acquired a new position in XPO during the fourth quarter worth about $779,000. Janney Montgomery Scott LLC lifted its holdings in shares of XPO by 4.1% in the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after purchasing an additional 1,712 shares in the last quarter. Empirical Capital Management LLC acquired a new stake in shares of XPO in the fourth quarter valued at approximately $4,380,000. Finally, Boulder Hill Capital Management LP purchased a new position in shares of XPO during the 4th quarter worth approximately $692,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Performance

NYSE XPO opened at $115.30 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. XPO, Inc. has a 1-year low of $65.80 and a 1-year high of $130.51. The firm has a market capitalization of $13.42 billion, a P/E ratio of 56.52, a P/E/G ratio of 1.76 and a beta of 2.11. The business’s 50-day simple moving average is $113.12 and its 200-day simple moving average is $113.48.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the company posted $0.71 earnings per share. XPO’s revenue was up 8.5% compared to the same quarter last year. Equities analysts predict that XPO, Inc. will post 3.6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on XPO shares. Benchmark reiterated a “buy” rating and set a $140.00 target price on shares of XPO in a report on Thursday. TD Cowen decreased their price objective on XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Susquehanna boosted their target price on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday. Bank of America decreased their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Stifel Nicolaus lifted their price target on shares of XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.18.

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.