Key Points
- XPO Chief Accounting Officer Christopher Michael Brown sold 3,750 shares at an average price of $201.94, generating $757,275 and reducing his direct stake by 10.79% to 31,005 shares. He also sold 1,250 shares worth $251,762.50 the previous day.
- XPO shares opened at $208.87, up 2.7%, while the company’s latest quarterly results exceeded expectations: adjusted earnings were $1.70 per share versus the $1.48 consensus, and revenue rose 13.2% year over year to $2.35 billion.
- Analysts maintain a Moderate Buy consensus, with an average price target of $225.86; institutional investors and hedge funds own 97.73% of XPO’s outstanding shares.
XPO, Inc. (NYSE:XPO - Get Free Report) CAO Christopher Michael Brown sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $201.41, for a total value of $251,762.50. Following the completion of the transaction, the chief accounting officer owned 34,755 shares in the company, valued at approximately $7,000,004.55. This trade represents a 3.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Christopher Michael Brown also recently made the following trade(s):
- On Tuesday, August 11th, Christopher Michael Brown sold 3,750 shares of XPO stock. The stock was sold at an average price of $201.94, for a total value of $757,275.00.
XPO Stock Up 2.7%
Shares of XPO opened at $208.87 on Thursday. The stock has a 50 day moving average price of $208.22 and a 200 day moving average price of $202.61. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $24.46 billion, a price-to-earnings ratio of 61.61, a PEG ratio of 2.07 and a beta of 1.85.
XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm posted $1.05 EPS. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts forecast that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.
Analyst Ratings Changes
XPO has been the topic of several research reports. Stifel Nicolaus raised their price target on shares of XPO from $237.00 to $241.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Citigroup dropped their price objective on shares of XPO from $226.00 to $221.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Raymond James Financial cut their price objective on shares of XPO from $233.00 to $225.00 and set an "outperform" rating for the company in a report on Monday, July 13th. Wells Fargo & Company raised their target price on shares of XPO from $235.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, June 5th. Finally, Stephens boosted their target price on XPO from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $225.86.
Check Out Our Latest Stock Report on XPO
Hedge Funds Weigh In On XPO
Several institutional investors and hedge funds have recently bought and sold shares of XPO. Keating Financial Advisory Services Inc. acquired a new stake in shares of XPO during the 2nd quarter worth approximately $32,000. Elyxium Wealth LLC purchased a new position in XPO during the fourth quarter worth about $28,000. Torren Management LLC purchased a new stake in shares of XPO in the 4th quarter valued at approximately $37,000. International Assets Investment Management LLC acquired a new position in shares of XPO in the 4th quarter worth approximately $41,000. Finally, Horizon Investments LLC acquired a new position in shares of XPO in the 3rd quarter worth approximately $39,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.
About XPO
(
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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