XPO, Inc. (NYSE:XPO) COO David J. Bates Buys 1,880 Shares

XPO, Inc. (NYSE:XPO) COO David J. Bates bought 1,880 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

XPO Price Performance

XPO stock opened at $111.23 on Tuesday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $13.04 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The business has a 50 day simple moving average of $130.68 and a 200 day simple moving average of $129.78.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, sell-side analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on XPO shares. Susquehanna raised XPO from a “neutral” rating to a “positive” rating and raised their target price for the company from $155.00 to $180.00 in a report on Friday, February 7th. The Goldman Sachs Group raised their target price on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays lowered their target price on XPO from $165.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. lifted their price objective on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Truist Financial initiated coverage on XPO in a report on Thursday, March 13th. They set a “buy” rating and a $130.00 price objective on the stock. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $158.47.

Hedge Funds Weigh In On XPO

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc bought a new position in XPO in the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC bought a new position in XPO in the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. raised its position in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC raised its position in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after acquiring an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of XPO during the third quarter worth $57,000. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.