XPO, Inc. $XPO Shares Newly Purchased by Markel Group Inc.

Markel Group Inc. bought a new position in shares of XPO, Inc. (NYSE:XPO) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 8,674 shares of the transportation company’s stock, valued at approximately $1,526,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new stake in XPO during the third quarter worth about $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of XPO during the second quarter worth approximately $32,000. Transamerica Financial Advisors LLC acquired a new stake in shares of XPO during the second quarter worth approximately $32,000. Lynch Investment Planning LLC bought a new position in shares of XPO in the third quarter valued at approximately $33,000. Finally, Reyes Financial Architecture Inc. bought a new position in shares of XPO in the third quarter valued at approximately $37,000. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

XPO has been the topic of several recent analyst reports. Susquehanna reduced their target price on XPO from $225.00 to $194.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Wells Fargo & Company decreased their price target on XPO from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Stephens raised their price target on XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and issued a $275.00 price objective on shares of XPO in a research report on Friday. Finally, Citigroup lifted their price objective on XPO from $224.00 to $229.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.45.

Insider Activity

In related news, COO David Bates sold 2,615 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $194.08, for a total value of $507,519.20. Following the completion of the sale, the chief operating officer owned 59,505 shares of the company’s stock, valued at $11,548,730.40. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Wismans sold 750 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $191.62, for a total transaction of $143,715.00. Following the completion of the transaction, the chief financial officer owned 47,216 shares of the company’s stock, valued at $9,047,529.92. This trade represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,095 shares of company stock valued at $2,860,208 over the last three months. 0.87% of the stock is owned by insiders.

XPO Stock Down 0.3%

Shares of NYSE:XPO opened at $191.22 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.52. The firm has a market cap of $22.28 billion, a P/E ratio of 36.24, a P/E/G ratio of 1.75 and a beta of 1.87. XPO, Inc. has a 12 month low of $124.82 and a 12 month high of $232.05. The company’s 50-day moving average price is $183.67 and its two-hundred day moving average price is $196.60.

XPO (NYSE:XPO) last announced its earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.12. XPO had a net margin of 5.69% and a return on equity of 32.80%. 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 company’s revenue was up 12.4% on a year-over-year basis. As a group, research analysts forecast that XPO, Inc. will post 5.77 EPS for the current fiscal year.

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.