XPO (NYSE:XPO) Stock: Insider Christopher Michael Brown Sells 1,750 Shares

XPO, Inc. (NYSE:XPO) CAO Christopher Brown sold 1,750 shares of XPO stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $189.33, for a total value of $331,327.50. Following the completion of the transaction, the chief accounting officer owned 29,255 shares of the company’s stock, valued at approximately $5,538,849.15. This represents a 5.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Trading Up 2.1%

NYSE XPO traded up $3.95 during trading hours on Friday, hitting $192.54. 734,221 shares of the company were exchanged, compared to its average volume of 1,401,047. The stock has a 50-day moving average price of $182.93 and a 200 day moving average price of $197.84. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.52. XPO, Inc. has a 52 week low of $124.82 and a 52 week high of $232.05. The stock has a market cap of $22.43 billion, a PE ratio of 45.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.87.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. XPO had a return on equity of 32.80% and a net margin of 5.69%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. Analysts forecast that XPO, Inc. will post 5.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XPO. BlackRock Inc. bought a new position in shares of XPO during the second quarter valued at approximately $2,985,276,000. MFN Partners Management LP bought a new stake in shares of XPO during the 2nd quarter worth approximately $2,026,148,865. Bessemer Group Inc. lifted its stake in shares of XPO by 115.9% during the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after acquiring an additional 1,299,480 shares during the last quarter. Findlay Park Partners LLP purchased a new position in XPO during the 2nd quarter valued at $236,104,000. Finally, Bank of New York Mellon Corp purchased a new position in XPO during the 2nd quarter valued at $151,798,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XPO. Stephens raised their price target on XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Bank of America boosted their price objective on shares of XPO from $228.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Stifel Nicolaus set a $235.00 target price on shares of XPO in a research note on Friday, October 30th. Weiss Ratings downgraded shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $275.00 target price on shares of XPO in a report on Friday, October 30th. Two equities research 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 given a Sell rating to the company. According to data from MarketBeat, XPO has an average rating of “Moderate Buy” and an average price target of $221.45.

XPO Company Profile

XPO Inc. is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer. The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.