XPO (NYSE:XPO) Stock Price Down 5.5% – What’s Next?

XPO, Inc. (NYSE:XPO) traded down 5.5% during mid-day trading on Wednesday . The stock traded as low as $201.78 and last traded at $202.46. 1,021,834 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 1,647,647 shares. The stock had previously closed at $214.27.

Wall Street Analyst Weigh In

Several analysts have recently commented on XPO shares. Raymond James Financial reiterated an “outperform” rating and set a $233.00 price objective on shares of XPO in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Truist Financial set a $240.00 price target on XPO in a research note on Friday, May 1st. Weiss Ratings raised XPO from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group boosted their price target on XPO to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $218.10.

XPO Stock Down 5.8%

The company’s 50 day moving average price is $213.84 and its 200 day moving average price is $184.94. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of 69.12, a P/E/G ratio of 2.56 and a beta of 1.83.

XPO (NYSE:XPO) last released its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. As a group, research analysts forecast that XPO, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director directly owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On XPO

A number of large investors have recently bought and sold shares of XPO. Parallel Advisors LLC increased its holdings in XPO by 13.2% in the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after buying an additional 49 shares during the period. V Square Quantitative Management LLC raised its position in XPO by 19.1% during the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after buying an additional 60 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in XPO by 13.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 60 shares during the period. Root Financial Partners LLC lifted its stake in XPO by 21.1% during the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 63 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of XPO by 4.4% in the 4th quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Company Profile

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.