XPO (NYSE:XPO) CFO Sells $133,890.00 in Stock

XPO, Inc. (NYSE:XPO) CFO Kyle Wismans sold 750 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $178.52, for a total transaction of $133,890.00. Following the completion of the transaction, the chief financial officer owned 48,716 shares of the company’s stock, valued at approximately $8,696,780.32. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Stock Performance

XPO opened at $175.68 on Friday. The business’s 50 day moving average is $198.63 and its 200-day moving average is $203.68. The stock has a market cap of $20.57 billion, a PE ratio of 51.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts predict that XPO, Inc. will post 5.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XPO. Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Stephens upped their target price on XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Zacks Research raised XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Sanford C. Bernstein began coverage on XPO in a research note on Thursday, September 10th. They issued an “outperform” rating and a $244.00 price objective on the stock. Finally, Citigroup cut their price objective on XPO from $221.00 to $220.00 and set a “neutral” rating for the company in a report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, XPO presently has an average rating of “Moderate Buy” and a consensus target price of $225.82.

Institutional Trading of XPO

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

XPO Company Profile

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.