Mutual of America Capital Management LLC Has $7.03 Million Stake in XPO, Inc. $XPO

Mutual of America Capital Management LLC cut its holdings in shares of XPO, Inc. (NYSE:XPO) by 7.2% in the 3rd quarter, according to the company in its most recent 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 reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Bayforest Capital Ltd grew its position in shares of XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in XPO during the second quarter valued at about $26,000. Root Financial Partners LLC bought a new stake in XPO in the 3rd quarter worth approximately $32,000. FNY Investment Advisers LLC bought a new position in shares of XPO during the 2nd quarter valued at $42,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares during the period. Institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

XPO has been the topic of several research analyst reports. UBS Group boosted their price target 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. Rothschild Redb upgraded XPO to a “strong-buy” rating in a research note on Wednesday, November 26th. Barclays upped their price objective on XPO from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Stifel Nicolaus decreased their target price on XPO from $167.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. reduced their price objective on XPO from $163.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.29.

XPO Stock Down 0.1%

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. XPO, Inc. has a one year low of $85.06 and a one year high of $155.95. The firm’s fifty day moving average is $142.98 and its 200 day moving average is $135.04. The firm has a market cap of $17.45 billion, a PE ratio of 53.48, a P/E/G ratio of 2.71 and a beta of 2.02.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported $1.07 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 firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the company earned $1.02 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, research analysts forecast that XPO, Inc. will post 4.15 EPS for the current 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.