XPO (NYSE:XPO) Director Allison Landry Sells 2,400 Shares

XPO, Inc. (NYSE:XPO) Director Allison Landry sold 2,400 shares of XPO stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

XPO Stock Performance

Shares of XPO stock traded up $0.39 during midday trading on Friday, hitting $214.42. The company had a trading volume of 10,160,162 shares, compared to its average volume of 1,676,130. The company’s 50 day simple moving average is $206.15 and its 200 day simple moving average is $177.02. XPO, Inc. has a 52-week low of $110.78 and a 52-week high of $231.46. The stock has a market cap of $25.18 billion, a price-to-earnings ratio of 73.43, a PEG ratio of 2.49 and a beta of 1.87. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the business posted $0.73 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Research analysts anticipate that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price target on shares of XPO in a research note on Thursday, April 30th. TD Cowen lifted their price target on XPO from $192.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Evercore set a $222.00 price target on XPO in a research note on Friday, May 1st. Citigroup lifted their price target on XPO from $207.00 to $221.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company lifted their price target on XPO from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus target price of $211.24.

Institutional Trading of XPO

A number of institutional investors have recently bought and sold shares of XPO. Amundi boosted its position in XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after purchasing an additional 1,820 shares in the last quarter. AQR Capital Management LLC boosted its position 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 purchasing an additional 1,243 shares in the last quarter. NewEdge Advisors LLC boosted its position 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 purchasing an additional 355 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in XPO during the second quarter worth $611,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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.