Insider Selling: XPO (NYSE:XPO) Director Sells 2,400 Shares of Stock

XPO, Inc. (NYSE:XPO) Director Allison Landry sold 2,400 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

XPO Price Performance

XPO traded up $0.39 during trading on Friday, reaching $214.42. 10,160,162 shares of the stock were exchanged, compared to its average volume of 1,676,130. The business’s 50 day moving average price is $206.15 and its two-hundred day moving average price is $177.02. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of 73.43, a P/E/G ratio of 2.49 and a beta of 1.87. XPO, Inc. has a 1 year low of $110.78 and a 1 year high of $231.46.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.73 earnings per share. XPO’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts anticipate that XPO, Inc. will post 4.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on XPO shares. Benchmark boosted their price target on XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company boosted their price target on XPO from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 price target on shares of XPO in a report on Thursday, April 30th. Barclays boosted their price target on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Raymond James Financial reissued an “outperform” rating and issued a $233.00 price target on shares of XPO in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.24.

Hedge Funds Weigh In On XPO

Several institutional investors have recently added to or reduced their stakes in the business. Capital World Investors increased its stake in XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after purchasing an additional 735,450 shares during the last quarter. Invesco Ltd. increased its stake in XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after purchasing an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP increased its stake in XPO by 20.5% in the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after purchasing an additional 736,224 shares during the last quarter. Orbis Allan Gray Ltd increased its stake in XPO by 15.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after purchasing an additional 499,220 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in XPO by 9.7% in the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after purchasing an additional 261,935 shares during the last quarter. 97.73% of the stock is currently 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.