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

XPO, Inc. (NYSE:XPO) CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares in the company, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $201.41, for a total transaction of $251,762.50.

XPO Stock Up 2.7%

Shares of NYSE XPO traded up $5.47 during mid-day trading on Wednesday, reaching $208.87. 995,243 shares of the company’s stock traded hands, compared to its average volume of 1,531,274. 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 business has a 50-day simple moving average of $208.42 and a 200 day simple moving average of $202.19. The stock has a market cap of $24.46 billion, a P/E ratio of 61.61, a PEG ratio of 2.04 and a beta of 1.85. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.22. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. On average, analysts expect that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

Several institutional investors have recently bought and sold shares of XPO. BlackRock Inc. purchased a new stake in XPO in the second quarter worth $2,985,276,000. MFN Partners Management LP bought a new position in shares of XPO during the 2nd quarter worth $2,026,148,865,000. Invesco Ltd. grew its stake in shares of XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the period. Durable Capital Partners LP increased its holdings in XPO by 20.5% in the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after acquiring an additional 736,224 shares during the last quarter. Finally, Orbis Allan Gray Ltd raised its stake in XPO by 15.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after acquiring an additional 499,220 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XPO. TD Cowen lifted their target price on XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Jefferies Financial Group increased their price target on XPO to $275.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company raised their price objective on XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Truist Financial set a $240.00 target price on shares of XPO in a research note on Friday, May 1st. Finally, Oppenheimer upped their target price on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $225.86.

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.