David J. Bates Buys 1,880 Shares of XPO, Inc. (NYSE:XPO) Stock

XPO, Inc. (NYSE:XPO) COO David J. Bates acquired 1,880 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

XPO Stock Performance

Shares of XPO opened at $109.09 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $12.79 billion, a P/E ratio of 33.77, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The firm’s fifty day simple moving average is $130.16 and its two-hundred day simple moving average is $129.74. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

Analysts Set New Price Targets

XPO has been the subject of several research analyst reports. Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Thursday, March 6th. Susquehanna upgraded shares of XPO from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $155.00 to $180.00 in a research report on Friday, February 7th. Stephens restated an “overweight” rating and set a $171.00 price objective on shares of XPO in a research report on Wednesday, March 5th. Truist Financial initiated coverage on shares of XPO in a report on Thursday, March 13th. They set a “buy” rating and a $130.00 price target for the company. Finally, Jefferies Financial Group upped their price target on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $158.47.

Institutional Trading of XPO

A number of institutional investors have recently bought and sold shares of XPO. Argent Trust Co boosted its position in shares of XPO by 1.9% during the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company’s stock worth $517,000 after purchasing an additional 75 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares in the last quarter. Scientech Research LLC boosted its position in shares of XPO by 0.9% during the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company’s stock worth $1,291,000 after purchasing an additional 84 shares in the last quarter. UMB Bank n.a. boosted its position in shares of XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after purchasing an additional 86 shares in the last quarter. Finally, SageView Advisory Group LLC boosted its position in shares of XPO by 2.1% during the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company’s stock worth $607,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.