XPO (NYSE:XPO) COO Sells $507,519.20 in Stock

XPO, Inc. (NYSE:XPO) COO David Bates sold 2,615 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $194.08, for a total transaction of $507,519.20. Following the completion of the sale, the chief operating officer directly owned 59,505 shares in the company, valued at $11,548,730.40. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Stock Performance

Shares of XPO stock traded down $0.50 during trading on Tuesday, hitting $191.22. 1,079,367 shares of the company’s stock were exchanged, compared to its average volume of 1,412,013. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50-day simple moving average of $183.68 and a 200-day simple moving average of $196.40. XPO, Inc. has a 52-week low of $124.82 and a 52-week high of $232.05. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 1.82 and a beta of 1.85.

XPO (NYSE:XPO) last posted its earnings results 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. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. On average, research analysts forecast that XPO, Inc. will post 5.73 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in XPO during the second quarter worth $2,985,276,000. MFN Partners Management LP purchased a new position in XPO in the 2nd quarter valued at $2,026,148,865. Bessemer Group Inc. boosted its position in 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 acquiring an additional 1,299,480 shares during the last quarter. Findlay Park Partners LLP purchased a new stake in shares of XPO in the second quarter valued at approximately $236,104,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of XPO in the 2nd quarter worth $151,798,000. 97.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup upped their target price on XPO from $224.00 to $229.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group reissued a “buy” rating and issued a $247.00 price target on shares of XPO in a report on Thursday, July 30th. TD Cowen upped their price objective on XPO from $228.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group dropped their price objective on shares of XPO from $257.00 to $232.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Sanford C. Bernstein started coverage on shares of XPO in a report on Thursday, September 10th. They set an “outperform” rating and a $244.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus target price of $221.45.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.