Mutual of America Capital Management LLC Reduces Stock Holdings in XPO, Inc. (NYSE:XPO)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its stake in shares of XPO by 53.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,049 shares of the transportation company's stock worth $982,000 after acquiring an additional 2,811 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in XPO by 21.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 79,089 shares of the transportation company's stock valued at $9,652,000 after buying an additional 13,981 shares during the last quarter. Capital Research Global Investors boosted its stake in XPO by 9.8% during the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company's stock valued at $1,245,131,000 after buying an additional 912,544 shares during the last quarter. Capital World Investors boosted its stake in XPO by 3.3% during the first quarter. Capital World Investors now owns 4,492,089 shares of the transportation company's stock valued at $548,170,000 after buying an additional 142,908 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its stake in XPO by 6.9% during the first quarter. Hood River Capital Management LLC now owns 768,011 shares of the transportation company's stock valued at $93,720,000 after buying an additional 49,576 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XPO. TD Cowen raised their price objective on XPO from $137.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Citigroup raised their price objective on XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Evercore ISI lowered their price objective on XPO from $129.00 to $125.00 and set an "outperform" rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Company raised their price objective on XPO from $119.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus raised their price objective on XPO from $125.00 to $126.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $141.13.

XPO Stock Up 1.0 %

Shares of NYSE:XPO traded up $1.50 on Tuesday, reaching $145.97. The company had a trading volume of 321,466 shares, compared to its average volume of 1,475,275. XPO, Inc. has a 52-week low of $78.72 and a 52-week high of $156.85. The firm's 50 day simple moving average is $120.40 and its 200-day simple moving average is $113.82. The firm has a market capitalization of $16.99 billion, a PE ratio of 46.75, a PEG ratio of 2.19 and a beta of 2.07. 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 (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business posted $0.88 EPS. The business's revenue was up 3.7% compared to the same quarter last year. As a group, analysts expect that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

XPO Company 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.