XPO, Inc. (NYSE:XPO – Get Free Report) CFO Kyle Wismans sold 750 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $175.47, for a total value of $131,602.50. Following the sale, the chief financial officer owned 47,966 shares in the company, valued at $8,416,594.02. The trade was a 1.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kyle Wismans also recently made the following trade(s):
- On Monday, September 14th, Kyle Wismans sold 750 shares of XPO stock. The shares were sold at an average price of $178.52, for a total value of $133,890.00.
XPO Stock Performance
XPO stock opened at $179.71 on Friday. The stock has a 50-day simple moving average of $191.57 and a 200 day simple moving average of $202.13. The stock has a market capitalization of $21.04 billion, a price-to-earnings ratio of 53.01, a P/E/G ratio of 1.79 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.
Institutional Trading of XPO
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in XPO during the second quarter worth $2,985,276,000. MFN Partners Management LP acquired a new stake in XPO in the 2nd quarter valued at $2,026,148,865. Clearbridge Investments LLC lifted its position in XPO by 9.7% during the 4th quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock worth $403,684,000 after buying an additional 261,935 shares in the last quarter. Bessemer Group Inc. lifted its position in XPO by 115.9% during the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after buying an additional 1,299,480 shares in the last quarter. Finally, Findlay Park Partners LLP acquired a new position in shares of XPO during the 2nd quarter worth about $236,104,000. Institutional investors own 97.73% of the company’s stock.
XPO News Summary
Here are the key news stories impacting XPO this week:
- Positive Sentiment: Bank of America raised its price target to $230 from $228 and maintained a “buy” rating. The new target implies substantial potential upside from the stock’s recent trading level, signaling continued confidence in XPO’s earnings and growth outlook.
- Positive Sentiment: XPO opened two new service centers in Mesa, Arizona, and Cameron, Missouri. The facilities expand capacity in fast-growing freight markets, improve the company’s North American less-than-truckload network and could support future shipment growth. XPO Opens Two New Service Centers in Fast-Growing Freight Markets
- Neutral Sentiment: Chief Financial Officer Kyle Wismans sold 750 shares, while Chief Operating Officer David Bates sold 2,615 shares. Both transactions were executed under pre-arranged Rule 10b5-1 trading plans, reducing the likelihood that the sales reflect a change in management’s view of XPO’s prospects. The executives continue to hold substantial positions.
- Negative Sentiment: Zacks Research downgraded XPO from “strong buy” to “hold.” The change may temper enthusiasm around the shares, particularly as the stock trades below its 50-day and 200-day moving averages and carries a relatively elevated earnings multiple.
Analysts Set New Price Targets
XPO has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Wells Fargo & Company upped their price target on XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. JPMorgan Chase & Co. raised their price target on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Sanford C. Bernstein initiated coverage on XPO in a report on Thursday, September 10th. They set an “outperform” rating and a $244.00 price objective for the company. Finally, Bank of America raised their target price on shares of XPO from $228.00 to $230.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.91.
Read Our Latest Stock Report on XPO
About XPO
XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.
XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.
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