XPO (NYSE:XPO) COO David Bates Sells 2,615 Shares of Stock

XPO, Inc. (NYSE:XPO) COO David Bates sold 2,615 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $179.41, for a total value of $469,157.15. Following the completion of the transaction, the chief operating officer owned 64,735 shares in the company, valued at $11,614,106.35. The trade was a 3.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Stock Performance

XPO stock opened at $178.39 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The firm has a market cap of $20.89 billion, a PE ratio of 52.62, a P/E/G ratio of 1.84 and a beta of 1.85. The business has a 50 day moving average of $199.88 and a 200-day moving average of $204.14. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.22. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. As a group, sell-side analysts expect that XPO, Inc. will post 5.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in shares of XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 49 shares during the last quarter. V Square Quantitative Management LLC increased its position in XPO by 19.1% in the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after purchasing an additional 60 shares during the last quarter. Root Financial Partners LLC increased its position in XPO by 21.1% in the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after purchasing an additional 63 shares during the last quarter. Allworth Financial LP raised its stake in XPO by 10.1% during the fourth quarter. Allworth Financial LP now owns 810 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 74 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its stake in XPO by 2.3% during the first quarter. Resonant Capital Advisors LLC now owns 4,193 shares of the transportation company’s stock valued at $816,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on XPO shares. BMO Capital Markets raised their price objective on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Oppenheimer increased their target price on shares of XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Wells Fargo & Company raised their price target on shares of XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $247.00 price objective on shares of XPO in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $225.82.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.