XPO (NYSE:XPO – Free Report) had its price target trimmed by JPMorgan Chase & Co. from $214.00 to $205.00 in a report published on Monday,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.
A number of other research analysts have also commented on the company. Raymond James Financial lowered their price target on XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Stifel Nicolaus lifted their price objective on XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Stephens boosted their target price on XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Oppenheimer boosted their target price on XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Citizens Jmp initiated coverage on XPO in a report on Wednesday, July 15th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.05.
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XPO Price Performance
XPO (NYSE:XPO – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.48 by $0.22. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. As a group, equities analysts expect that XPO will post 5.44 EPS for the current year.
Insider Activity at XPO
In other XPO news, CFO Kyle Wismans sold 750 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were 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 approximately $8,416,594.02. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Brown sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, 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 sold a total of 11,730 shares of company stock valued at $2,208,974 in the last three months. Company insiders own 0.87% of the company’s stock.
Institutional Trading of XPO
A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in XPO by 73.3% in the 1st quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock worth $34,770,000 after buying an additional 75,600 shares during the last quarter. National Pension Service purchased a new stake in shares of XPO during the 2nd quarter valued at about $37,695,000. Border to Coast Pensions Partnership Ltd purchased a new stake in shares of XPO during the 1st quarter valued at about $36,048,000. K.J. Harrison & Partners Inc bought a new stake in shares of XPO in the second quarter worth approximately $4,927,000. Finally, MFN Partners Management LP bought a new stake in shares of XPO in the second quarter worth approximately $2,026,148,865. 97.73% of the stock is owned by institutional investors.
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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