Picton Mahoney Asset Management Trims Position in XPO, Inc. (NYSE:XPO)

Picton Mahoney Asset Management lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,675 shares of the transportation company’s stock after selling 4,615 shares during the quarter. Picton Mahoney Asset Management’s holdings in XPO were worth $4,175,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in XPO. Vanguard Group Inc. raised its position in shares of XPO by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 10,794,892 shares of the transportation company’s stock worth $805,947,000 after buying an additional 54,528 shares during the period. Deutsche Bank AG raised its position in shares of XPO by 12,894.9% in the 3rd quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company’s stock worth $97,359,000 after buying an additional 1,294,002 shares during the period. Invesco Ltd. raised its position in shares of XPO by 76.5% in the 3rd quarter. Invesco Ltd. now owns 1,258,725 shares of the transportation company’s stock worth $93,976,000 after buying an additional 545,485 shares during the period. Federated Hermes Inc. raised its position in XPO by 14.1% in the third quarter. Federated Hermes Inc. now owns 1,197,431 shares of the transportation company’s stock valued at $89,400,000 after purchasing an additional 147,868 shares during the period. Finally, Eminence Capital LP raised its position in XPO by 137.4% in the third quarter. Eminence Capital LP now owns 1,191,311 shares of the transportation company’s stock valued at $88,943,000 after purchasing an additional 689,457 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

XPO has been the topic of several research reports. Oppenheimer raised their price objective on XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Benchmark raised their price objective on XPO from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Susquehanna raised their price objective on XPO from $100.00 to $140.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. The Goldman Sachs Group raised their price objective on XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Bank of America raised their price objective on XPO from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $114.95.

XPO Stock Up 1.5 %

XPO stock traded up $1.67 during midday trading on Wednesday, hitting $112.00. The stock had a trading volume of 1,169,925 shares, compared to its average volume of 1,442,059. The company has a current ratio of 0.94, a quick ratio of 1.00 and a debt-to-equity ratio of 2.49. The stock has a market cap of $13.03 billion, a P/E ratio of 54.90, a P/E/G ratio of 2.69 and a beta of 2.17. XPO, Inc. has a 12 month low of $45.24 and a 12 month high of $130.51. The business has a fifty day moving average price of $120.32 and a 200 day moving average price of $100.97.

XPO (NYSE:XPO) last announced its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. XPO’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 earnings per share. Research analysts predict that XPO, Inc. will post 3.49 EPS for the current year.

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.