XPO (NYSE:XPO) COO Sells $469,157.15 in Stock

XPO, Inc. (NYSE:XPO) COO David Bates sold 2,615 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $179.41, for a total value of $469,157.15. Following the transaction, the chief operating officer directly owned 64,735 shares in the company, valued at $11,614,106.35. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 $175.68 on Friday. The company has a market cap of $20.57 billion, a P/E ratio of 51.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.85. XPO, Inc. has a 1 year low of $121.48 and a 1 year high of $232.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s fifty day moving average price is $198.63 and its 200-day moving average price is $203.68.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating 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 company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. XPO’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts forecast that XPO, Inc. will post 5.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Evercore upgraded 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 shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Bank of America decreased their price target on shares of XPO from $248.00 to $228.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Weiss Ratings cut shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.82.

Hedge Funds Weigh In On XPO

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in XPO during the second quarter valued at about $2,985,276,000. MFN Partners Management LP bought a new position in shares of XPO in the second quarter worth about $2,026,148,865. Norges Bank bought a new position in shares of XPO in the fourth quarter worth about $204,304,000. Bessemer Group Inc. grew its position in shares of XPO by 115.9% during the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after purchasing an additional 1,299,480 shares in the last quarter. Finally, Findlay Park Partners LLP purchased a new stake in shares of XPO during the second quarter worth about $236,104,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.