XPO, Inc. (NYSE:XPO – Get Free Report) COO David Bates sold 2,615 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $194.08, for a total value of $507,519.20. Following the transaction, the chief operating officer owned 59,505 shares of the company’s stock, valued at $11,548,730.40. This represents a 4.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
XPO Stock Performance
NYSE:XPO opened at $188.07 on Thursday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.99 and a quick ratio of 0.99. XPO, Inc. has a 1 year low of $124.82 and a 1 year high of $232.05. The stock’s 50 day simple moving average is $183.58 and its two-hundred day simple moving average is $196.77. The company has a market cap of $21.91 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 1.74 and a beta of 1.87.
XPO (NYSE:XPO – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.12. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. XPO had a return on equity of 32.80% and a net margin of 5.69%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 EPS. As a group, equities analysts anticipate that XPO, Inc. will post 5.77 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on XPO. Bank of America upped their price target on shares of XPO from $228.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Weiss Ratings cut shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Oppenheimer boosted their target price on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Stephens upped their target price on shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Susquehanna decreased their target price on shares of XPO from $225.00 to $194.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and an average target price of $221.45.
Check Out Our Latest Analysis on XPO
Hedge Funds Weigh In On XPO
Several large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of XPO in the second quarter worth approximately $2,985,276,000. MFN Partners Management LP bought a new stake in shares of XPO during the 2nd quarter worth approximately $2,026,148,865. Bessemer Group Inc. boosted its holdings in XPO by 115.9% during the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after acquiring an additional 1,299,480 shares during the period. Findlay Park Partners LLP purchased a new position in XPO during the 2nd quarter valued at $236,104,000. Finally, Bank of New York Mellon Corp purchased a new position in XPO during the 2nd quarter valued at $151,798,000. Institutional investors own 97.73% of the company’s stock.
XPO Company Profile
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.
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