XPO (NYSE:XPO) COO Sells $465,286.95 in Stock

XPO, Inc. (NYSE:XPO) COO David Bates sold 2,615 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $177.93, for a total transaction of $465,286.95. Following the transaction, the chief operating officer owned 62,120 shares in the company, valued at $11,053,011.60. This represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Price Performance

XPO stock opened at $185.95 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. XPO, Inc. has a 1 year low of $121.48 and a 1 year high of $232.05. The firm has a 50-day moving average of $191.03 and a 200 day moving average of $202.13. The company has a market cap of $21.77 billion, a P/E ratio of 54.85, a PEG ratio of 1.89 and a beta of 1.85.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the firm posted $1.05 EPS. The business’s revenue was up 13.2% on a year-over-year basis. On average, sell-side analysts forecast that XPO, Inc. will post 5.42 EPS for the current year.

Institutional Trading of XPO

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in XPO in the second quarter worth about $2,985,276,000. MFN Partners Management LP purchased a new stake in shares of XPO during the second quarter valued at approximately $2,026,148,865. Clearbridge Investments LLC grew its holdings in shares of XPO by 9.7% during the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after buying an additional 261,935 shares during the last quarter. Bessemer Group Inc. increased its position in shares of XPO by 115.9% during the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after acquiring an additional 1,299,480 shares in the last quarter. Finally, Findlay Park Partners LLP purchased a new position in XPO in the 2nd quarter worth approximately $236,104,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on XPO. The Goldman Sachs Group reissued a “buy” rating and set a $247.00 price objective on shares of XPO in a research report on Thursday, July 30th. Susquehanna decreased their price target on shares of XPO from $225.00 to $194.00 and set a “neutral” rating for the company in a research note on Friday. Citizens Jmp began coverage on shares of XPO in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Zacks Research cut shares of XPO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Finally, UBS Group raised their target price on shares of XPO from $236.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

XPO News Summary

Here are the key news stories impacting XPO this week:

• Positive Sentiment: Network expansion supports growth outlook: XPO opened new service centers in Mesa, Arizona, and Cameron, Missouri, adding capacity in fast-growing freight markets. The facilities are intended to improve customer service, support shipment growth and strengthen the company’s network. XPO Opens Two New Service Centers in Fast-Growing Freight Markets
• Positive Sentiment: Bank of America remains bullish: Bank of America raised its price target for XPO from $228 to $230 and maintained a “buy” rating, implying meaningful potential appreciation from the referenced trading level. This provides a positive counterweight to more cautious analyst views.
• Neutral Sentiment: Analyst sentiment is divided: Susquehanna lowered its price target from $225 to $194 and assigned a “neutral” rating. The revised target still suggests modest upside, but the reduction indicates more cautious expectations for XPO’s valuation or operating outlook.
• Neutral Sentiment: Executive stock sales were made under trading plans: CFO Kyle Wismans sold 750 shares and COO David Bates sold 2,615 shares. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a discretionary signal about management’s view of the business. CFO SEC Filing
• Negative Sentiment: Zacks downgraded XPO: Zacks Research cut its rating from “strong buy” to “hold,” adding to near-term concerns about valuation and the durability of the company’s growth momentum.

About XPO

XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.

XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.