Key Points
- XPO Chief Accounting Officer Christopher Brown sold 1,750 shares for about $331,328, reducing his ownership by 5.64%; he still directly held 29,255 shares. The sale was made under a pre-arranged Rule 10b5-1 plan.
- XPO reported quarterly EPS of $1.70, beating the $1.58 analyst consensus, while revenue of $2.37 billion came in slightly below estimates. Revenue rose 12.4% year over year.
- Analysts’ consensus rating was “Moderate Buy,” with an average price target of $221.45; XPO shares traded at $192.54 on Friday.
XPO, Inc. (NYSE:XPO - Get Free Report) CAO Christopher Brown sold 1,750 shares of the stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $189.33, for a total value of $331,327.50. Following the completion of the transaction, the chief accounting officer directly owned 29,255 shares of the company's stock, valued at $5,538,849.15. This trade represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
XPO Stock Performance
XPO traded up $3.95 during trading hours on Friday, hitting $192.54. The company's stock had a trading volume of 734,411 shares, compared to its average volume of 1,274,779. XPO, Inc. has a fifty-two week low of $124.82 and a fifty-two week high of $232.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $22.43 billion, a PE ratio of 45.41, a PEG ratio of 1.72 and a beta of 1.87. The company has a 50-day simple moving average of $183.08 and a 200 day simple moving average of $198.06.
XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.12. XPO had a return on equity of 32.80% and a net margin of 5.69%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The firm's quarterly revenue was up 12.4% on a year-over-year basis. As a group, sell-side analysts expect that XPO, Inc. will post 5.77 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Entropy Technologies LP grew its holdings in XPO by 100.9% during the third quarter. Entropy Technologies LP now owns 66,908 shares of the transportation company's stock worth $11,774,000 after acquiring an additional 33,606 shares during the period. FORA Capital LLC bought a new stake in XPO in the third quarter worth about $845,000. Marshall Wace LLP lifted its holdings in XPO by 98.8% in the 3rd quarter. Marshall Wace LLP now owns 286,738 shares of the transportation company's stock valued at $50,460,000 after acquiring an additional 142,491 shares during the last quarter. Empowered Funds LLC lifted its holdings in XPO by 152.8% in the 3rd quarter. Empowered Funds LLC now owns 29,000 shares of the transportation company's stock valued at $5,103,000 after acquiring an additional 17,529 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of XPO by 1.9% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 33,184 shares of the transportation company's stock valued at $5,840,000 after purchasing an additional 608 shares in the last quarter. Institutional investors own 97.73% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on XPO. Sanford C. Bernstein assumed coverage on shares of XPO in a report on Thursday, September 10th. They issued an "outperform" rating and a $244.00 price objective for the company. Susquehanna lowered their target price on shares of XPO from $225.00 to $194.00 and set a "neutral" rating on the stock in a research note on Friday, October 2nd. Raymond James Financial restated an "outperform" rating and set a $210.00 price target on shares of XPO in a research report on Friday, October 30th. Citigroup upped their price target on shares of XPO from $224.00 to $229.00 and gave the stock a "buy" rating in a research note on Friday, October 30th. Finally, Bank of America increased their price objective on shares of XPO from $228.00 to $230.00 and gave the company a "buy" rating in a report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, XPO has an average rating of "Moderate Buy" and a consensus price target of $221.45.
Get Our Latest Analysis on XPO
XPO Company Profile
(
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XPO Inc. is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer. The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.
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