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

by · The Markets Daily

XPO, Inc. (NYSE:XPO – Get Free Report) COO David Bates sold 2,615 shares of XPO stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 59,505 shares in the company, valued at $11,548,730.40. This represents a 4.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Stock Performance

Shares of NYSE XPO opened at $176.55 on Friday. The stock has a market cap of $20.57 billion, a PE ratio of 41.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87. XPO, Inc. has a 1 year low of $124.82 and a 1 year high of $232.05. The firm has a fifty day moving average price of $183.25 and a 200-day moving average price of $196.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.58 by $0.12. XPO had a return on equity of 32.80% and a net margin of 5.69%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. Equities analysts anticipate that XPO, Inc. will post 5.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

XPO has been the topic of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $247.00 price objective on shares of XPO in a research note on Thursday, July 30th. JPMorgan Chase & Co. upped their price objective on XPO from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Sanford C. Bernstein assumed coverage on XPO in a research report on Thursday, September 10th. They set an “outperform” rating and a $244.00 target price for the company. Wells Fargo & Company cut their target price on shares of XPO from $250.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Finally, Truist Financial reduced their price target on shares of XPO from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.45.

Read Our Latest Research Report on XPO

Institutional Trading of XPO

Institutional investors have recently bought and sold shares of the stock. Compass Wealth Management LLC acquired a new position in shares of XPO during the third quarter valued at about $26,000. Keating Financial Advisory Services Inc. purchased a new position in shares of XPO in the 2nd quarter valued at approximately $32,000. Transamerica Financial Advisors LLC acquired a new stake in XPO in the 2nd quarter worth approximately $32,000. Lynch Investment Planning LLC acquired a new stake in XPO in the 3rd quarter worth approximately $33,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in XPO in the 3rd quarter worth approximately $37,000. 97.73% of the stock is currently owned by institutional investors.

XPO Company Profile

(Get Free Report)

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.

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