XPO (NYSE:XPO) Shares Gap Down – Here’s What Happened

XPO, Inc. (NYSE:XPO) shares gapped down before the market opened on Wednesday . The stock had previously closed at $227.58, but opened at $211.70. XPO shares last traded at $219.4880, with a volume of 291,271 shares traded.

Analyst Ratings Changes

XPO has been the subject of a number of recent research reports. TD Cowen raised their price target on shares of XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Susquehanna raised their price target on shares of XPO from $210.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Barclays raised their price target on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings raised shares of XPO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $220.00 price target on shares of XPO in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $217.38.

XPO Stock Performance

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $25.46 billion, a PE ratio of 74.28, a price-to-earnings-growth ratio of 2.61 and a beta of 1.83. The firm’s fifty day moving average price is $211.32 and its two-hundred day moving average price is $181.88.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. As a group, equities research analysts forecast that XPO, Inc. will post 4.84 EPS for the current year.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On XPO

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp grew its holdings in shares of XPO by 100.0% during the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of XPO during the fourth quarter worth $28,000. Torren Management LLC purchased a new stake in shares of XPO during the fourth quarter worth $37,000. Horizon Investments LLC purchased a new stake in shares of XPO during the third quarter worth $39,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of XPO during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.