XPO (NYSE:XPO) CFO Kyle Wismans Sells 750 Shares of Stock

XPO, Inc. (NYSE:XPO) CFO Kyle Wismans sold 750 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $191.62, for a total transaction of $143,715.00. Following the completion of the transaction, the chief financial officer directly owned 47,216 shares in the company, valued at $9,047,529.92. The trade was a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kyle Wismans also recently made the following trade(s):

• On Thursday, October 1st, Kyle Wismans sold 750 shares of XPO stock. The stock was sold at an average price of $175.47, for a total transaction of $131,602.50.
• On Monday, September 14th, Kyle Wismans sold 750 shares of XPO stock. The shares were sold at an average price of $178.52, for a total transaction of $133,890.00.

XPO Price Performance

Shares of XPO opened at $191.22 on Wednesday. The firm has a 50-day simple moving average of $183.67 and a two-hundred day simple moving average of $196.60. The stock has a market cap of $22.28 billion, a PE ratio of 45.10, a P/E/G ratio of 1.75 and a beta of 1.87. XPO, Inc. has a 1-year low of $124.82 and a 1-year high of $232.05. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.58 by $0.12. XPO had a net margin of 5.69% and a return on equity of 32.80%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the business posted $1.07 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, analysts forecast that XPO, Inc. will post 5.77 EPS for the current year.

Wall Street Analysts Forecast Growth

XPO has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $275.00 target price on shares of XPO in a research report on Friday. Citizens Jmp assumed coverage on XPO in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Weiss Ratings cut XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Bank of America boosted their price objective on XPO from $228.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Finally, Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $221.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Compass Wealth Management LLC purchased a new position in XPO in the third quarter valued at $26,000. Keating Financial Advisory Services Inc. purchased a new stake in XPO during the 2nd quarter worth about $32,000. Transamerica Financial Advisors LLC purchased a new stake in XPO during the 2nd quarter worth about $32,000. Lynch Investment Planning LLC purchased a new stake in XPO during the 3rd quarter worth about $33,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in XPO in the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Company Profile

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.