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 stock in a transaction that occurred 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 completion of the sale, the chief operating officer directly owned 59,505 shares of the company’s stock, valued at $11,548,730.40. This represents a 4.21% decrease in their ownership of the stock. The transaction 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.

XPO Price Performance

Shares of NYSE:XPO opened at $191.22 on Wednesday. The firm’s 50 day simple moving average is $183.67 and its two-hundred day simple moving average is $196.60. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $22.28 billion, a P/E ratio of 45.10, a P/E/G ratio of 1.75 and a beta of 1.87. XPO, Inc. has a 1-year low of $124.82 and a 1-year high of $232.05.

XPO (NYSE:XPO) last issued 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. 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 the consensus estimate of $2.38 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. XPO’s quarterly revenue was up 12.4% compared to the same quarter last year. Research analysts expect that XPO, Inc. will post 5.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on XPO shares. Weiss Ratings lowered XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group reiterated a “buy” rating and set a $247.00 target price on shares of XPO in a research report on Thursday, July 30th. Zacks Research raised XPO from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. JPMorgan Chase & Co. boosted their price target on XPO from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Finally, Stephens upped their price target on XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $221.45.

Institutional Trading of XPO

A number of institutional investors and hedge funds have recently bought and sold shares of XPO. Candriam S.C.A. boosted its position in shares of XPO by 11.4% during the 3rd quarter. Candriam S.C.A. now owns 8,705 shares of the transportation company’s stock valued at $1,538,000 after acquiring an additional 890 shares during the last quarter. Ethic Inc. grew its holdings in shares of XPO by 41.7% in the third quarter. Ethic Inc. now owns 4,738 shares of the transportation company’s stock valued at $834,000 after purchasing an additional 1,394 shares in the last quarter. StoneX Group Inc. bought a new stake in XPO in the third quarter worth $202,000. Pictet Asset Management Holding SA increased its position in XPO by 97.2% in the third quarter. Pictet Asset Management Holding SA now owns 157,227 shares of the transportation company’s stock worth $27,669,000 after purchasing an additional 77,478 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its position in XPO by 1.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 9,071 shares of the transportation company’s stock worth $1,596,000 after purchasing an additional 164 shares during the last quarter. 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 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.