Key Points
- XPO COO David Bates sold 2,615 shares for about $507,500, reducing his holdings by 4.21% to 59,505 shares. The sale was made under a pre-arranged Rule 10b5-1 plan.
- XPO reported quarterly earnings of $1.70 per share, beating the $1.58 consensus estimate, while revenue rose 12.4% year over year to $2.37 billion—slightly below estimates.
- Analysts’ consensus rating was “Moderate Buy,” with an average price target of $221.45.
XPO, Inc. (NYSE:XPO - Get Free Report) CFO Kyle Wismans sold 750 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $191.62, for a total transaction of $143,715.00. Following the completion of the sale, the chief financial officer directly owned 47,216 shares in the company, valued at approximately $9,047,529.92. This trade represents a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kyle Wismans also recently made the following trade(s):
- On Thursday, October 1st, Kyle Wismans sold 750 shares of XPO stock. The stock was sold at an average price of $175.47, for a total transaction of $131,602.50.
- On Monday, September 14th, Kyle Wismans sold 750 shares of XPO stock. The stock was sold at an average price of $178.52, for a total transaction of $133,890.00.
XPO Trading Down 0.3%
NYSE XPO opened at $191.22 on Wednesday. XPO, Inc. has a 52 week low of $124.82 and a 52 week high of $232.05. The firm has a 50 day moving average of $183.67 and a two-hundred day moving average of $196.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $22.28 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 1.75 and a beta of 1.87.
XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.12. XPO had a net margin of 5.69% and a return on equity of 32.80%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the business earned $1.07 EPS. The company's revenue was up 12.4% on a year-over-year basis. As a group, research analysts expect that XPO, Inc. will post 5.77 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Truist Financial cut their price target on XPO from $240.00 to $220.00 and set a "buy" rating on the stock in a research note on Wednesday, October 7th. Oppenheimer lifted their price target on XPO from $236.00 to $238.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. TD Cowen upped their price objective on XPO from $228.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, October 30th. Jefferies Financial Group reiterated a "buy" rating and issued a $275.00 price objective on shares of XPO in a report on Friday. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $247.00 price objective on shares of XPO in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.45.
Read Our Latest Stock Report on XPO
Institutional Trading of XPO
Several institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its position in shares of XPO by 13.2% in the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company's stock valued at $82,000 after buying an additional 49 shares during the last quarter. V Square Quantitative Management LLC raised its stake in XPO by 19.1% during the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company's stock worth $73,000 after acquiring an additional 60 shares in the last quarter. Root Financial Partners LLC raised its stake in XPO by 21.1% during the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company's stock worth $70,000 after acquiring an additional 63 shares in the last quarter. North Dakota State Investment Board boosted its stake in XPO by 2.4% in the third quarter. North Dakota State Investment Board now owns 3,490 shares of the transportation company's stock valued at $614,000 after acquiring an additional 81 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in XPO by 7.5% in the third quarter. Axxcess Wealth Management LLC now owns 1,182 shares of the transportation company's stock valued at $208,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.
XPO Company Profile
(
Get Free Report)
XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.
In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.
Further Reading
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