Mystic Asset Management Inc. Trims Stock Position in XPO, Inc. (NYSE:XPO)

Mystic Asset Management Inc. lessened its holdings in XPO, Inc. (NYSE:XPO) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,000 shares of the transportation company’s stock after selling 200 shares during the period. Mystic Asset Management Inc.’s holdings in XPO were worth $1,049,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of XPO. Larson Financial Group LLC raised its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after buying an additional 76 shares during the last quarter. UMB Bank n.a. increased its position in XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after purchasing an additional 86 shares during the last quarter. First Eagle Investment Management LLC increased its position in XPO by 1.3% during the fourth quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company’s stock worth $1,044,000 after purchasing an additional 100 shares during the last quarter. Coldstream Capital Management Inc. increased its position in XPO by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock worth $245,000 after purchasing an additional 107 shares during the last quarter. Finally, Greenleaf Trust increased its position in XPO by 5.0% during the fourth quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock worth $311,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In related news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at $2,240,612.96. The trade was a 9.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

XPO Price Performance

Shares of XPO stock opened at $111.23 on Tuesday. The company has a market capitalization of $13.04 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The firm has a fifty day simple moving average of $130.68 and a 200-day simple moving average of $129.78. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Equities research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

XPO has been the subject of several research analyst reports. Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Thursday, March 6th. Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and upped their price target for the stock from $155.00 to $180.00 in a research report on Friday, February 7th. Stephens reaffirmed an “overweight” rating and set a $171.00 price target on shares of XPO in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their price objective on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Monday, February 24th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO presently has an average rating of “Buy” and a consensus target price of $158.47.

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.