Mutual of America Capital Management LLC decreased its position in XPO, Inc. (NYSE:XPO – Free Report) by 3.7% in the 2nd quarter, Holdings Channel reports. The fund owned 66,606 shares of the transportation company’s stock after selling 2,578 shares during the period. Mutual of America Capital Management LLC’s holdings in XPO were worth $7,070,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in XPO during the 1st quarter valued at $27,000. Riverview Trust Co purchased a new position in XPO in the 1st quarter valued at about $31,000. Blue Trust Inc. grew its stake in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 258 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of XPO during the second quarter worth about $28,000. Finally, ORG Partners LLC acquired a new position in shares of XPO in the first quarter worth about $36,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.
XPO Trading Up 3.4 %
Shares of NYSE XPO opened at $115.30 on Friday. XPO, Inc. has a 12-month low of $65.80 and a 12-month high of $130.51. The company has a market cap of $13.42 billion, a price-to-earnings ratio of 56.52, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock’s 50 day simple moving average is $113.12 and its 200 day simple moving average is $113.48.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Stephens restated an “overweight” rating and set a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Raymond James dropped their price target on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. Bank of America reduced their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Wells Fargo & Company decreased their price objective on shares of XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Finally, Evercore ISI cut their target price on shares of XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.18.
Read Our Latest Stock Analysis on XPO
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.
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