Christopher Michael Brown Sells 3,750 Shares of XPO (NYSE:XPO) Stock

XPO, Inc. (NYSE:XPO) CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Christopher Michael Brown also recently made the following trade(s):

• On Monday, August 10th, Christopher Michael Brown sold 1,250 shares of XPO stock. The shares were sold at an average price of $201.41, for a total value of $251,762.50.

XPO Stock Up 1.2%

XPO opened at $211.55 on Friday. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05. The business has a 50 day moving average price of $208.06 and a two-hundred day moving average price of $203.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The company has a market cap of $24.77 billion, a PE ratio of 62.40, a P/E/G ratio of 2.12 and a beta of 1.85.

XPO (NYSE:XPO) last announced its earnings results 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. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. As a group, research analysts anticipate that XPO, Inc. will post 5.44 EPS for the current year.

Institutional Investors Weigh In On XPO

Institutional investors have recently bought and sold shares of the business. Visionary Wealth Advisors purchased a new stake in shares of XPO in the second quarter worth about $455,000. Cibc World Market Inc. bought a new stake in shares of XPO in the second quarter worth $402,000. Osmosis Investment Management UK Ltd bought a new stake in shares of XPO in the 2nd quarter worth about $514,000. Sanctuary Advisors LLC acquired a new stake in XPO during the second quarter valued at approximately $992,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in XPO during the second quarter worth $610,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XPO has been the subject of several research reports. Jefferies Financial Group lifted their price target on XPO to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company raised their price objective on shares of XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. JPMorgan Chase & Co. lifted their price objective on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Morgan Stanley set a $105.00 target price on XPO and gave the company an “underweight” rating in a research note on Friday, May 1st. Finally, BMO Capital Markets increased their price objective on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $225.86.

About XPO

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.