Investors Buy Large Volume of XPO Put Options (NYSE:XPO)

XPO, Inc. (NYSE:XPO) saw some unusual options trading on Tuesday. Stock traders bought 5,663 put options on the stock. This is an increase of 341% compared to the average daily volume of 1,284 put options.

Institutional Trading of XPO

Several large investors have recently modified their holdings of XPO. Vise Technologies Inc. grew its position in XPO by 3.4% during the third quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock valued at $297,000 after acquiring an additional 76 shares during the period. GAMMA Investing LLC raised its stake in shares of XPO by 4.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock valued at $235,000 after purchasing an additional 78 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of XPO by 23.0% during the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock worth $57,000 after purchasing an additional 82 shares during the last quarter. Archer Investment Corp grew its stake in XPO by 9.6% in the third quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after purchasing an additional 82 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its position in shares of XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after buying an additional 83 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Up 0.9%

NYSE XPO traded up $1.29 during trading hours on Tuesday, reaching $147.42. The company had a trading volume of 396,636 shares, compared to its average volume of 1,133,758. The stock has a 50-day moving average of $140.14 and a 200 day moving average of $133.63. The stock has a market capitalization of $17.30 billion, a P/E ratio of 53.09, a price-to-earnings-growth ratio of 2.40 and a beta of 2.02. XPO has a 1-year low of $85.06 and a 1-year high of $155.08. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77.

XPO (NYSE:XPO) last announced its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. As a group, research analysts anticipate that XPO will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XPO has been the subject of a number of recent analyst reports. Rothschild & Co Redburn initiated coverage on shares of XPO in a research note on Wednesday, November 26th. They issued a “buy” rating and a $156.00 price target for the company. Cowen reaffirmed a “buy” rating on shares of XPO in a report on Friday. Evercore ISI reissued an “in-line” rating and issued a $148.00 price objective (down from $151.00) on shares of XPO in a research note on Monday. Bank of America raised their price objective on shares of XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, Benchmark restated a “buy” rating on shares of XPO in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus target price of $152.29.

XPO Company Profile

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.