Markel Group Inc. bought a new stake in shares of XPO, Inc. (NYSE:XPO – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,674 shares of the transportation company’s stock, valued at approximately $1,526,000.
Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of XPO during the second quarter worth approximately $2,985,276,000. MFN Partners Management LP bought a new position in XPO in the second quarter valued at approximately $2,026,148,865. Bessemer Group Inc. boosted its stake in XPO by 115.9% in the first 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 last quarter. Findlay Park Partners LLP acquired a new stake in XPO during the 2nd quarter worth $236,104,000. Finally, Bank of New York Mellon Corp acquired a new stake in XPO during the 2nd quarter worth $151,798,000. Institutional investors and hedge funds own 97.73% of the company’s stock.
Analyst Ratings Changes
Several analysts have commented on the stock. Citizens Jmp started coverage on shares of XPO in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. UBS Group reduced their price target on XPO from $257.00 to $232.00 and set a “buy” rating on the stock in a research report on Friday. Stephens lifted their price objective on XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price objective on XPO from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Finally, Wells Fargo & Company dropped their price objective on XPO from $250.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Two research 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’s stock. According to MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average price target of $221.45.
View Our Latest Stock Analysis on XPO
XPO Trading Down 0.3%
XPO opened at $191.22 on Wednesday. The firm’s fifty day moving average is $183.67 and its two-hundred day moving average is $196.60. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $22.28 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 1.75 and a beta of 1.87. XPO, Inc. has a twelve month low of $124.82 and a twelve month high of $232.05.
XPO (NYSE:XPO – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.12. XPO had a net margin of 5.69% and a return on equity of 32.80%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The firm’s revenue was up 12.4% on a year-over-year basis. Equities research analysts anticipate that XPO, Inc. will post 5.77 EPS for the current year.
Insider Buying and Selling
In related news, COO David Bates sold 2,615 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $194.08, for a total transaction of $507,519.20. Following the sale, the chief operating officer owned 59,505 shares of the company’s stock, valued at approximately $11,548,730.40. This trade represents a 4.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Wismans sold 750 shares of XPO stock in a transaction dated 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 represents a 1.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 15,095 shares of company stock valued at $2,860,208. 0.87% of the stock is owned by company insiders.
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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