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

XPO, Inc. (NYSE:XPOGet Free Report) was the recipient of unusually large options trading on Wednesday. Stock traders bought 7,789 put options on the company. This is an increase of approximately 1,248% compared to the typical volume of 578 put options.

Analyst Ratings Changes

Several research firms have issued reports on XPO. Wells Fargo & Company increased their price objective on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Raymond James Financial dropped their target price on XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Citizens Jmp initiated coverage on shares of XPO in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Citigroup lowered their price objective on XPO from $221.00 to $220.00 and set a “neutral” rating for the company in a research report on Tuesday, September 8th. Finally, Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $225.82.

Get Our Latest Research Report on XPO

XPO Stock Down 2.5%

NYSE:XPO traded down $4.44 during midday trading on Wednesday, reaching $173.80. The company had a trading volume of 443,634 shares, compared to its average volume of 1,444,639. The stock’s fifty day simple moving average is $199.88 and its 200-day simple moving average is $204.14. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $20.35 billion, a price-to-earnings ratio of 51.26, a PEG ratio of 1.84 and a beta of 1.85. XPO has a 12-month low of $121.48 and a 12-month high of $232.05.

XPO (NYSE:XPOGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping 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 business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, sell-side analysts anticipate that XPO will post 5.42 earnings per share for the current fiscal year.

Insider Activity

In related news, COO David J. Bates sold 2,615 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $179.41, for a total transaction of $469,157.15. Following the sale, the chief operating officer owned 64,735 shares in the company, valued at approximately $11,614,106.35. This trade represents a 3.88% decrease in their ownership of the stock. The transaction 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. Also, CAO Christopher Brown sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. This represents a 10.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,365 shares of company stock valued at $1,612,085 in the last ninety days. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new stake in XPO during the 4th quarter worth $28,000. Keating Financial Advisory Services Inc. purchased a new position in XPO during the 2nd quarter worth $32,000. Transamerica Financial Advisors LLC purchased a new position in shares of XPO during the second quarter worth about $32,000. Clearstead Advisors LLC grew its stake in shares of XPO by 142.0% in the 4th quarter. Clearstead Advisors LLC now owns 484 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 284 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in XPO in the 4th quarter valued at $69,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

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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