Picton Mahoney Asset Management Cuts Stock Holdings in XPO, Inc. (NYSE:XPO)

Picton Mahoney Asset Management trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,675 shares of the transportation company’s stock after selling 4,615 shares during the quarter. Picton Mahoney Asset Management’s holdings in XPO were worth $4,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of XPO. Private Advisor Group LLC boosted its holdings in shares of XPO by 32.2% in the 4th quarter. Private Advisor Group LLC now owns 3,632 shares of the transportation company’s stock worth $318,000 after buying an additional 885 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of XPO in the 4th quarter worth about $201,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of XPO by 170.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after buying an additional 211 shares during the last quarter. Natixis Advisors L.P. purchased a new position in shares of XPO in the 4th quarter worth about $1,407,000. Finally, Beck Bode LLC purchased a new position in shares of XPO in the 4th quarter worth about $4,389,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Price Performance

Shares of NYSE XPO traded up $1.67 during midday trading on Wednesday, hitting $112.00. 1,169,925 shares of the company’s stock were exchanged, compared to its average volume of 1,442,059. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 54.90, a PEG ratio of 2.69 and a beta of 2.17. The business’s fifty day moving average price is $120.32 and its two-hundred day moving average price is $100.97. The company has a current ratio of 0.94, a quick ratio of 1.00 and a debt-to-equity ratio of 2.49. XPO, Inc. has a 12-month low of $45.24 and a 12-month high of $130.51.

XPO (NYSE:XPO) last issued its earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.13. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. XPO’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. As a group, research analysts forecast that XPO, Inc. will post 3.49 EPS for the current fiscal year.

Analyst Ratings Changes

XPO has been the topic of a number of research analyst reports. Bank of America boosted their price target on shares of XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Stifel Nicolaus boosted their price objective on XPO from $77.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Benchmark boosted their price objective on XPO from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Susquehanna boosted their price objective on XPO from $100.00 to $140.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Finally, Stephens restated an “overweight” rating and issued a $150.00 price objective on shares of XPO in a research note on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.95.

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.