XPO, Inc. (NYSE:XPO – Get Free Report) CFO Kyle Wismans sold 750 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $191.62, for a total value of $143,715.00. Following the transaction, the chief financial officer owned 47,216 shares in the company, valued at approximately $9,047,529.92. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal 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.
Kyle Wismans also recently made the following trade(s):
- On Thursday, October 1st, Kyle Wismans sold 750 shares of XPO stock. The shares were sold at an average price of $175.47, for a total value of $131,602.50.
- On Monday, September 14th, Kyle Wismans sold 750 shares of XPO stock. The stock was sold at an average price of $178.52, for a total transaction of $133,890.00.
XPO Stock Performance
NYSE:XPO opened at $188.07 on Thursday. XPO, Inc. has a fifty-two week low of $124.82 and a fifty-two week high of $232.05. The company has a 50 day moving average price of $183.58 and a 200 day moving average price of $196.77. The stock has a market capitalization of $21.91 billion, a P/E ratio of 36.13, a PEG ratio of 1.74 and a beta of 1.87. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.99 and a current ratio of 0.99.
XPO (NYSE:XPO – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The transportation company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.58 by $0.12. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. XPO had a net margin of 5.69% and a return on equity of 32.80%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 EPS. Equities research analysts forecast that XPO, Inc. will post 5.77 EPS for the current year.
Institutional Investors Weigh In On XPO
A number of hedge funds have recently made changes to their positions in XPO. National Pension Service acquired a new position in XPO in the second quarter valued at $37,695,000. Renaissance Technologies LLC raised its holdings in XPO by 73.3% in the first quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock valued at $34,770,000 after buying an additional 75,600 shares during the period. K.J. Harrison & Partners Inc acquired a new position in shares of XPO during the second quarter worth $4,927,000. MFN Partners Management LP purchased a new stake in XPO during the 2nd quarter worth approximately $2,026,148,865. Finally, Concurrent Investment Advisors LLC increased its position in shares of XPO by 325.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 15,420 shares of the transportation company’s stock worth $3,166,000 after purchasing an additional 11,793 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently weighed in on XPO. Citizens Jmp assumed coverage on shares of XPO in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Truist Financial decreased their price target on XPO from $240.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Susquehanna lowered their price objective 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. Finally, Citigroup raised their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $221.45.
Check Out Our Latest Analysis on XPO
About XPO
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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