Insider Selling: XPO (NYSE:XPO) COO Sells $469,157.15 in Stock

XPO, Inc. (NYSE:XPO) COO David Bates sold 2,615 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $179.41, for a total value of $469,157.15. Following the completion of the sale, the chief operating officer owned 64,735 shares of the company’s stock, valued at $11,614,106.35. The trade was a 3.88% decrease in their ownership of the stock. The transaction 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 Trading Down 1.2%

NYSE:XPO traded down $2.10 on Tuesday, reaching $178.39. 1,023,925 shares of the stock traded hands, compared to its average volume of 1,450,542. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The company’s 50 day moving average is $200.36 and its 200-day moving average is $204.28. The firm has a market capitalization of $20.89 billion, a price-to-earnings ratio of 52.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.85.

XPO (NYSE:XPO) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. Equities research analysts anticipate that XPO, Inc. will post 5.42 EPS for the current fiscal year.

Institutional Trading of XPO

A number of institutional investors have recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 49 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of XPO by 19.1% in the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after acquiring an additional 60 shares during the period. Root Financial Partners LLC boosted its holdings in shares of XPO by 21.1% in the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after acquiring an additional 63 shares during the period. Allworth Financial LP grew its position in shares of XPO by 10.1% in the fourth quarter. Allworth Financial LP now owns 810 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 74 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its position in shares of XPO by 2.3% in the first quarter. Resonant Capital Advisors LLC now owns 4,193 shares of the transportation company’s stock valued at $816,000 after purchasing an additional 96 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XPO has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $247.00 price objective on shares of XPO in a research report on Thursday, July 30th. Sanford C. Bernstein started coverage on XPO in a research note on Thursday, September 10th. They issued an “outperform” rating and a $244.00 target price on the stock. Citizens Jmp started coverage on XPO in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Oppenheimer lifted their price target on XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Raymond James Financial reduced their price objective on XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus target price of $225.82.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.