XPO (NYSE:XPO) Director Sells $517,464.00 in Stock

XPO, Inc. (NYSE:XPO) Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was 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. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

XPO Stock Up 0.1%

NYSE XPO opened at $214.42 on Monday. 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 stock has a market capitalization of $25.18 billion, a PE ratio of 73.43, a PEG ratio of 2.51 and a beta of 1.83. XPO, Inc. has a 1 year low of $110.78 and a 1 year high of $231.46. The business’s 50-day moving average is $206.64 and its 200 day moving average is $177.55.

XPO (NYSE:XPO) last posted 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. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.XPO’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. Sell-side analysts forecast that XPO, Inc. will post 4.84 earnings per share for the current year.

Institutional Trading of XPO

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors lifted its holdings in XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after buying an additional 735,450 shares during the period. Invesco Ltd. lifted its holdings in shares of XPO by 19.8% during 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 lifted its holdings in shares of XPO by 20.5% during 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 lifted its holdings in shares of XPO by 15.8% during 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 lifted 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 purchasing an additional 261,935 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on XPO shares. JPMorgan Chase & Co. raised their target price on XPO from $189.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 10th. Truist Financial set a $240.00 price objective on shares of XPO in a report on Friday, May 1st. UBS Group set a $210.00 price objective on shares of XPO and gave the stock a “buy” rating in a report on Friday, February 6th. Stifel Nicolaus set a $237.00 price objective on shares of XPO in a report on Friday, May 1st. Finally, Susquehanna lowered shares of XPO from a “positive” rating to a “neutral” rating and raised their price objective for the stock from $160.00 to $210.00 in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and a consensus price target of $211.24.

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.