XPO (NYSE:XPO) CAO Christopher Michael Brown Sells 3,750 Shares

XPO, Inc. (NYSE:XPO) CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. This trade represents a 10.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Christopher Michael Brown also recently made the following trade(s):

• On Monday, August 10th, Christopher Michael Brown sold 1,250 shares of XPO stock. The stock was sold at an average price of $201.41, for a total transaction of $251,762.50.

XPO Price Performance

NYSE:XPO opened at $208.87 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50-day moving average of $208.22 and a 200-day moving average of $202.61. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 61.61, a PEG ratio of 2.07 and a beta of 1.85.

XPO (NYSE:XPO) last posted its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities research analysts anticipate that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Amundi raised its position in XPO by 50.7% in the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 1,820 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of XPO by 7.6% during the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after purchasing an additional 1,243 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of XPO by 3.2% during the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after buying an additional 88 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of XPO in the second quarter valued at $611,000. Institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XPO shares. Benchmark increased their target price on XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 1st. BMO Capital Markets upped their price target on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Oppenheimer increased their price objective on XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings raised XPO from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Evercore upgraded shares of XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $225.86.

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.