XPO (NYSE:XPO) Stock: Insider Christopher Michael Brown Sells 1,750 Shares

XPO, Inc. (NYSE:XPO) CAO Christopher Brown sold 1,750 shares of the stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $189.33, for a total transaction of $331,327.50. Following the sale, the chief accounting officer owned 29,255 shares in the company, valued at $5,538,849.15. This represents a 5.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Price Performance

NYSE:XPO traded up $3.95 during mid-day trading on Friday, reaching $192.54. The stock had a trading volume of 734,411 shares, compared to its average volume of 1,274,779. The stock has a 50-day simple moving average of $183.08 and a two-hundred day simple moving average of $198.06. The stock has a market capitalization of $22.43 billion, a PE ratio of 45.41, a P/E/G ratio of 1.72 and a beta of 1.87. 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 12 month low of $124.82 and a 12 month high of $232.05.

XPO (NYSE:XPO) last released its earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.12. The firm had revenue of $2.37 billion during 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 quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 earnings per share. On average, equities analysts anticipate that XPO, Inc. will post 5.77 earnings per share for the current year.

Hedge Funds Weigh In On XPO

Several large investors have recently bought and sold shares of XPO. BlackRock Inc. bought a new stake in shares of XPO during the second quarter worth about $2,985,276,000. MFN Partners Management LP bought a new position in XPO in the 2nd quarter valued at approximately $2,026,148,865. Bessemer Group Inc. raised its holdings in XPO by 115.9% in the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after buying 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 approximately $236,104,000. Finally, Bank of New York Mellon Corp acquired a new stake in XPO during the 2nd quarter worth approximately $151,798,000. 97.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XPO has been the topic of several research analyst reports. Oppenheimer raised their price objective on XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Citigroup boosted their target price on XPO from $224.00 to $229.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Weiss Ratings cut shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. TD Cowen increased their target price on shares of XPO from $228.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $275.00 price target on shares of XPO in a research note on Friday, October 30th. Two investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.45.

About XPO

XPO Inc. is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer. The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.