Picton Mahoney Asset Management Sells 3,780 Shares of XPO, Inc. (NYSE:XPO)

Picton Mahoney Asset Management decreased its position in shares of XPO, Inc. (NYSE:XPO) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,895 shares of the transportation company’s stock after selling 3,780 shares during the quarter. Picton Mahoney Asset Management’s holdings in XPO were worth $5,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of XPO. Mather Group LLC. bought a new stake in shares of XPO during the first quarter valued at approximately $27,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of XPO by 170.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 211 shares in the last quarter. Riverview Trust Co bought a new stake in shares of XPO during the first quarter valued at approximately $31,000. ORG Partners LLC purchased a new position in shares of XPO during the first quarter valued at approximately $36,000. Finally, Rise Advisors LLC purchased a new position in shares of XPO during the first quarter valued at approximately $37,000. Institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the topic of several analyst reports. Oppenheimer lifted their target price on XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Susquehanna cut their target price on XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. TD Cowen lifted their target price on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Benchmark reaffirmed a “buy” rating and set a $140.00 target price on shares of XPO in a research report on Friday, June 7th. Finally, Evercore ISI cut their target price on XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.70.

XPO Stock Performance

Shares of XPO stock traded up $1.90 on Friday, hitting $112.88. 1,087,599 shares of the stock were exchanged, compared to its average volume of 1,445,826. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.49. The firm has a market capitalization of $13.13 billion, a PE ratio of 55.34, a P/E/G ratio of 1.64 and a beta of 2.10. XPO, Inc. has a one year low of $63.52 and a one year high of $130.51. The firm’s 50 day moving average is $107.22 and its two-hundred day moving average is $109.24.

XPO (NYSE:XPO) last posted its quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.13. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 EPS. Sell-side analysts expect that XPO, Inc. will post 3.57 earnings per share for the current fiscal year.

Insider Transactions at XPO

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

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.