XPO, Inc. $XPO Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 26.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,419 shares of the transportation company’s stock after selling 3,344 shares during the quarter. Sigma Planning Corp’s holdings in XPO were worth $1,654,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in XPO. Compass Wealth Management LLC bought a new position in XPO in the third quarter valued at $26,000. Root Financial Partners LLC bought a new stake in XPO during the 3rd quarter worth about $72,000. Reyes Financial Architecture Inc. bought a new stake in XPO during the 3rd quarter worth about $37,000. Axxcess Wealth Management LLC lifted its position in XPO by 7.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 1,182 shares of the transportation company’s stock worth $208,000 after buying an additional 82 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of XPO by 3.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,729 shares of the transportation company’s stock worth $1,536,000 after buying an additional 322 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Activity

In other news, CFO Kyle Wismans sold 750 shares of XPO stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $175.47, for a total value of $131,602.50. Following the completion of the transaction, the chief financial officer owned 47,966 shares of the company’s stock, valued at $8,416,594.02. This trade represents a 1.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Brown sold 3,750 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,730 shares of company stock valued at $2,208,974 in the last quarter. Company insiders own 0.87% of the company’s stock.

XPO Price Performance

NYSE:XPO opened at $181.09 on Thursday. The stock has a market capitalization of $21.20 billion, a PE ratio of 53.42, a P/E/G ratio of 1.83 and a beta of 1.85. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The firm has a fifty day simple moving average of $184.26 and a 200 day simple moving average of $195.77. 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 (NYSE:XPO) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.22. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, research analysts expect that XPO, Inc. will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on XPO shares. Weiss Ratings cut XPO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of XPO in a research report on Wednesday, October 7th. Stephens upped their target price on XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Evercore upgraded XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Finally, Citizens Jmp began coverage on XPO in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $222.64.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.