Mutual of America Capital Management LLC Sells 3,700 Shares of XPO, Inc. (NYSE:XPO)

Mutual of America Capital Management LLC decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,906 shares of the transportation company’s stock after selling 3,700 shares during the period. Mutual of America Capital Management LLC owned 0.05% of XPO worth $6,763,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in XPO. D1 Capital Partners L.P. bought a new position in shares of XPO during the 2nd quarter worth approximately $271,532,000. Capital Research Global Investors grew its holdings in XPO by 9.8% in the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock worth $1,245,131,000 after purchasing an additional 912,544 shares during the period. Clearbridge Investments LLC grew its holdings in XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after purchasing an additional 253,519 shares during the period. Interval Partners LP raised its holdings in shares of XPO by 48,850.0% during the first quarter. Interval Partners LP now owns 195,000 shares of the transportation company’s stock valued at $23,796,000 after purchasing an additional 195,400 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of XPO during the 3rd quarter worth about $18,071,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Performance

Shares of XPO stock opened at $144.47 on Tuesday. The business’s fifty day simple moving average is $119.54 and its 200 day simple moving average is $113.57. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a 12 month low of $78.72 and a 12 month high of $156.85. The firm has a market capitalization of $16.82 billion, a P/E ratio of 47.18, a price-to-earnings-growth ratio of 2.19 and a beta of 2.07.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts anticipate that XPO, Inc. will post 3.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. TD Cowen boosted their target price on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays upped their target price on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Benchmark reissued a “buy” rating and issued a $140.00 price target on shares of XPO in a research report on Thursday, September 19th. Susquehanna upped their price objective on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average price target of $141.13.

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.