XPO (NYSE:XPO) CAO Sells $757,275.00 in Stock

XPO, Inc. (NYSE:XPO) CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at $6,261,149.70. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Christopher Michael Brown also recently made the following trade(s):

• On Monday, August 10th, Christopher Michael Brown sold 1,250 shares of XPO stock. The stock was sold at an average price of $201.41, for a total value of $251,762.50.

XPO Stock Performance

NYSE:XPO opened at $211.04 on Friday. The stock’s 50-day simple moving average is $207.90 and its 200 day simple moving average is $203.11. The firm has a market capitalization of $24.71 billion, a PE ratio of 62.25, a price-to-earnings-growth ratio of 2.14 and a beta of 1.85. The company has a quick ratio of 1.01, a current 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 released its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The firm 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 for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 earnings per share. On average, analysts anticipate that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on XPO shares. TD Cowen lifted their price target on shares of XPO from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 31st. Stephens increased their price objective on shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Susquehanna boosted their target price on shares of XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Finally, Stifel Nicolaus increased their price target on XPO from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $225.86.

Hedge Funds Weigh In On XPO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi boosted its stake in shares of XPO by 50.7% in the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 1,820 shares during the last quarter. AQR Capital Management LLC raised its stake in XPO by 7.6% during the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after buying an additional 1,243 shares during the last quarter. NewEdge Advisors LLC raised its stake in XPO by 3.2% during the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after buying an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after buying an additional 88 shares during the period. Finally, Marshall Wace LLP acquired a new position in XPO in the second quarter valued at $611,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.