XPO, Inc. (NYSE:XPO) Stock Holdings Trimmed by Picton Mahoney Asset Management

Picton Mahoney Asset Management reduced its position in XPO, Inc. (NYSE:XPO) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,960 shares of the transportation company’s stock after selling 1,300 shares during the quarter. Picton Mahoney Asset Management’s holdings in XPO were worth $2,749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XPO. Versant Capital Management Inc bought a new stake in XPO in the fourth quarter valued at about $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in XPO in the fourth quarter valued at about $42,000. Cullen Frost Bankers Inc. grew its holdings in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of XPO during the third quarter valued at approximately $57,000. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

Shares of NYSE:XPO opened at $107.19 on Friday. The company’s fifty day moving average is $131.28 and its two-hundred day moving average is $129.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a 12-month low of $97.03 and a 12-month high of $161.00. The company has a market cap of $12.57 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Equities analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XPO has been the subject of several recent research reports. Wells Fargo & Company lowered their target price on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a report on Friday, March 7th. They set a “buy” rating and a $156.00 target price for the company. Benchmark upped their target price on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Susquehanna raised XPO from a “neutral” rating to a “positive” rating and upped their target price for the company from $155.00 to $180.00 in a report on Friday, February 7th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $158.47.

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.