Key Points
- XPO Director Allison Landry sold 2,400 shares on May 28 at an average price of $215.61, totaling $517,464. After the sale, she held 4,849 shares, a 33.11% reduction in her position.
- XPO shares were little changed, opening at $214.42 and trading up 0.2% in the session. The stock remains near its 12-month high of $231.46 and well above its 12-month low of $110.78.
- Recent results and analyst sentiment remain constructive: XPO beat first-quarter EPS and revenue estimates, and Wall Street’s consensus rating is “Moderate Buy” with an average price target of $211.24.
XPO, Inc. (NYSE:XPO - Get Free Report) Director Allison Landry sold 2,400 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares of the company's stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
XPO Stock Up 0.2%
Shares of NYSE:XPO opened at $214.42 on Friday. The stock has a market cap of $25.18 billion, a price-to-earnings ratio of 73.43, a PEG ratio of 2.51 and a beta of 1.87. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a 12-month low of $110.78 and a 12-month high of $231.46. The business's 50 day moving average is $206.64 and its 200 day moving average is $177.28.
XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.XPO's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 earnings per share. On average, sell-side analysts forecast that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.
Institutional Trading of XPO
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Primecap Management Co. CA grew its position in XPO by 6.3% during the third quarter. Primecap Management Co. CA now owns 587,534 shares of the transportation company's stock worth $75,951,000 after buying an additional 35,050 shares in the last quarter. Compass Wealth Management LLC purchased a new position in XPO during the third quarter worth about $29,997,000. Econ Financial Services Corp purchased a new position in XPO during the fourth quarter worth about $1,837,000. Citigroup Inc. grew its position in XPO by 694.2% during the third quarter. Citigroup Inc. now owns 161,906 shares of the transportation company's stock worth $20,930,000 after buying an additional 141,521 shares in the last quarter. Finally, Calamos Advisors LLC grew its position in XPO by 247.8% during the fourth quarter. Calamos Advisors LLC now owns 13,973 shares of the transportation company's stock worth $1,899,000 after buying an additional 9,956 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
XPO has been the topic of several research analyst reports. Wall Street Zen raised XPO from a "hold" rating to a "buy" rating in a research report on Saturday, February 7th. Benchmark boosted their price objective on XPO from $220.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Morgan Stanley set a $105.00 price objective on XPO and gave the stock an "underweight" rating in a research report on Friday, May 1st. UBS Group set a $210.00 price objective on XPO and gave the stock a "buy" rating in a research report on Friday, February 6th. Finally, Stifel Nicolaus set a $237.00 price objective on XPO in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $211.24.
Read Our Latest Research Report on XPO
XPO Company Profile
(
Get Free Report)
XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company's operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.
In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.
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