XPO (NYSE:XPO) CFO Sells 750 Shares of Stock

XPO, Inc. (NYSE:XPO) CFO Kyle Wismans sold 750 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $191.62, for a total transaction of $143,715.00. Following the sale, the chief financial officer owned 47,216 shares of the company’s stock, valued at approximately $9,047,529.92. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kyle Wismans also recently made the following trade(s):

• On Thursday, October 1st, Kyle Wismans sold 750 shares of XPO stock. The stock was sold at an average price of $175.47, for a total value of $131,602.50.
• On Monday, September 14th, Kyle Wismans sold 750 shares of XPO stock. The stock was sold at an average price of $178.52, for a total value of $133,890.00.

XPO Stock Performance

XPO stock traded down $0.50 during mid-day trading on Tuesday, reaching $191.22. 1,079,367 shares of the stock traded hands, compared to its average volume of 1,412,013. The stock has a market capitalization of $22.39 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 1.82 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. XPO, Inc. has a 12-month low of $124.82 and a 12-month high of $232.05. The business’s 50-day moving average is $183.68 and its 200-day moving average is $196.40.

XPO (NYSE:XPO) last announced its earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.12. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the firm posted $1.07 earnings per share. As a group, sell-side analysts predict that XPO, Inc. will post 5.73 EPS for the current fiscal year.

Institutional Trading of XPO

Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its position in shares of XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 49 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of XPO by 19.1% in the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 60 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of XPO by 21.1% during the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after buying an additional 63 shares during the last quarter. North Dakota State Investment Board increased its position in shares of XPO by 2.4% during the third quarter. North Dakota State Investment Board now owns 3,490 shares of the transportation company’s stock worth $614,000 after purchasing an additional 81 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its holdings in shares of XPO by 7.5% in the third quarter. Axxcess Wealth Management LLC now owns 1,182 shares of the transportation company’s stock valued at $208,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on XPO. Jefferies Financial Group reissued a “buy” rating and issued a $275.00 price objective on shares of XPO in a report on Friday. JPMorgan Chase & Co. increased their price target on shares of XPO from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Friday. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a research note on Friday. Wells Fargo & Company cut their price objective on shares of XPO from $250.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Bank of America upped their price objective on XPO from $228.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus price target of $221.45.

XPO Company Profile

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.