Christopher Michael Brown Sells 1,250 Shares of XPO (NYSE:XPO) Stock

XPO, Inc. (NYSE:XPO) CAO Christopher Michael Brown sold 1,250 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $201.41, for a total value of $251,762.50. Following the completion of the sale, the chief accounting officer owned 34,755 shares of the company’s stock, valued at approximately $7,000,004.55. This trade represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Christopher Michael Brown also recently made the following trade(s):

• On Tuesday, August 11th, Christopher Michael Brown sold 3,750 shares of XPO stock. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00.

XPO Stock Up 1.2%

Shares of NYSE:XPO opened at $211.55 on Friday. XPO, Inc. has a 12 month low of $121.48 and a 12 month high of $232.05. The company’s 50-day moving average price is $208.06 and its two-hundred day moving average price is $203.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The firm has a market cap of $24.77 billion, a P/E ratio of 62.40, a P/E/G ratio of 2.12 and a beta of 1.85.

XPO (NYSE:XPO) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. As a group, research analysts forecast that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. BMO Capital Markets lifted their target price on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Jefferies Financial Group raised their price target on XPO to $275.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Stephens lifted their price objective on XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Truist Financial set a $240.00 target price on shares of XPO in a research report on Friday, May 1st. Finally, Wells Fargo & Company raised their target price on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $225.86.

Institutional Investors Weigh In On XPO

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in XPO in the second quarter valued at about $2,985,276,000. MFN Partners Management LP acquired a new position in shares of XPO during the 2nd quarter worth about $2,026,148,865,000. Invesco Ltd. grew its position 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 buying an additional 1,036,434 shares during the period. Durable Capital Partners LP increased its stake in shares of XPO by 20.5% in the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after acquiring an additional 736,224 shares during the last quarter. Finally, Orbis Allan Gray Ltd increased its stake in shares of 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 last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

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.