XPO (NYSE:XPO) Shares Gap Down – Here’s What Happened

Shares of XPO, Inc. (NYSE:XPO) gapped down prior to trading on Wednesday . The stock had previously closed at $227.58, but opened at $211.70. XPO shares last traded at $219.4880, with a volume of 291,271 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XPO. Oppenheimer upped their price objective on shares of XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of XPO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Stifel Nicolaus set a $237.00 target price on shares of XPO in a research report on Friday, May 1st. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Finally, Morgan Stanley set a $105.00 target price on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus target price of $217.38.

XPO Trading Down 4.7%

The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The company’s fifty day simple moving average is $211.32 and its 200-day simple moving average is $181.88. The company has a market capitalization of $25.46 billion, a P/E ratio of 74.28, a PEG ratio of 2.61 and a beta of 1.83.

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

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of XPO

A number of institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in XPO by 13.2% in the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after purchasing an additional 49 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in XPO by 19.1% in the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after purchasing an additional 60 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in XPO by 13.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock worth $68,000 after purchasing an additional 60 shares in the last quarter. Root Financial Partners LLC boosted its stake in XPO by 21.1% in the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after purchasing an additional 63 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in XPO by 4.4% in the 4th quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock worth $202,000 after purchasing an additional 63 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Company Profile

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.