Key Points
- XPO COO David Bates sold 2,615 shares at an average price of $179.41, generating $469,157.15. The transaction was executed under a pre-arranged Rule 10b5-1 plan and reduced his direct holdings by 3.88% to 64,735 shares.
- XPO shares opened at $178.39, below their 50-day and 200-day moving averages. The stock has a market capitalization of $20.89 billion and trades at a P/E ratio of 52.62.
- XPO recently exceeded quarterly expectations, reporting $1.70 in EPS and $2.35 billion in revenue, while revenue increased 13.2% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $225.82.
XPO, Inc. (NYSE:XPO - Get Free Report) CFO Kyle Wismans sold 750 shares of XPO stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $178.52, for a total transaction of $133,890.00. Following the sale, the chief financial officer owned 48,716 shares in the company, valued at approximately $8,696,780.32. This trade represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
XPO Stock Performance
NYSE:XPO opened at $178.39 on Wednesday. The firm has a market capitalization of $20.89 billion, a PE ratio of 52.62, a price-to-earnings-growth ratio of 1.84 and a beta of 1.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05. The firm has a 50-day moving average price of $199.88 and a 200 day moving average price of $204.14.
XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $1.05 EPS. The company's revenue was up 13.2% compared to the same quarter last year. Research analysts anticipate that XPO, Inc. will post 5.42 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
XPO has been the topic of a number of analyst reports. Zacks Research upgraded XPO from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 4th. The Goldman Sachs Group reissued a "buy" rating and set a $247.00 price objective on shares of XPO in a report on Thursday, July 30th. Citizens Jmp initiated coverage on shares of XPO in a report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Weiss Ratings lowered shares of XPO from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Finally, Stifel Nicolaus increased their target price on shares of XPO from $237.00 to $241.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, XPO currently has an average rating of "Moderate Buy" and a consensus price target of $225.82.
View Our Latest Research Report on XPO
Institutional Investors Weigh In On XPO
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC boosted its stake in XPO by 45.4% in the second quarter. Tidal Investments LLC now owns 7,452 shares of the transportation company's stock worth $1,530,000 after purchasing an additional 2,328 shares in the last quarter. National Pension Service acquired a new stake in shares of XPO in the second quarter valued at $37,695,000. WINTON GROUP Ltd raised its holdings in shares of XPO by 311.5% in the second quarter. WINTON GROUP Ltd now owns 10,700 shares of the transportation company's stock valued at $2,197,000 after buying an additional 8,100 shares during the last quarter. Engineers Gate Manager LP raised its holdings in shares of XPO by 233.9% in the second quarter. Engineers Gate Manager LP now owns 15,839 shares of the transportation company's stock valued at $3,252,000 after buying an additional 11,096 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in XPO during the 2nd quarter worth about $213,000. 97.73% of the stock is owned by institutional investors and hedge funds.
About XPO
(
Get Free Report)
XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.
In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.
Further Reading
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