Mutual of America Capital Management LLC Sells 2,281 Shares of XPO, Inc. (NYSE:XPO)

Mutual of America Capital Management LLC cut its stake in shares of XPO, Inc. (NYSE:XPO) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,184 shares of the transportation company’s stock after selling 2,281 shares during the quarter. Mutual of America Capital Management LLC’s holdings in XPO were worth $8,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of XPO. Fidelis Capital Partners LLC bought a new position in XPO during the 1st quarter worth approximately $74,000. Janney Montgomery Scott LLC increased its stake 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 worth $5,364,000 after buying an additional 1,712 shares during the period. BNP Paribas Financial Markets raised its holdings in XPO by 548.0% during the 1st quarter. BNP Paribas Financial Markets now owns 66,450 shares of the transportation company’s stock valued at $8,109,000 after buying an additional 56,196 shares during the last quarter. Private Advisor Group LLC boosted its position in XPO by 4.9% during the 1st quarter. Private Advisor Group LLC now owns 3,811 shares of the transportation company’s stock valued at $465,000 after buying an additional 179 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in XPO in the 1st quarter worth $272,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 1,875 shares of XPO stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total transaction of $195,975.00. Following the sale, the director now directly owns 6,965 shares in the company, valued at $727,981.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Allison Landry sold 1,875 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total value of $195,975.00. Following the sale, the director now owns 6,965 shares of the company’s stock, valued at approximately $727,981.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the transaction, the insider now owns 11,425,369 shares of the company’s stock, valued at approximately $1,290,838,189.62. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

XPO Trading Down 1.5 %

XPO stock traded down $1.57 during midday trading on Tuesday, reaching $102.34. The stock had a trading volume of 449,808 shares, compared to its average volume of 1,423,060. The stock has a market capitalization of $11.91 billion, a PE ratio of 50.92, a price-to-earnings-growth ratio of 1.52 and a beta of 2.10. XPO, Inc. has a twelve month low of $58.30 and a twelve month high of $130.51. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day simple moving average is $107.40 and its 200 day simple moving average is $108.41.

XPO (NYSE:XPO) last issued its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. XPO had a net margin of 3.08% and a return on equity of 30.77%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the company earned $0.56 earnings per share. XPO’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that XPO, Inc. will post 3.59 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on XPO. Benchmark reissued a “buy” rating and issued a $140.00 target price on shares of XPO in a research note on Friday, June 7th. Bank of America lifted their price objective on XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Stephens restated an “overweight” rating and set a $150.00 target price on shares of XPO in a report on Friday, June 7th. Evercore ISI cut their price target on shares of XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Finally, Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and upped their price objective for the stock from $115.00 to $120.00 in a report on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen 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 a consensus price target of $120.70.

About XPO

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.