XPO (NYSE:XPO) Trading 9.6% Higher – Here’s What Happened

Shares of XPO, Inc. (NYSE:XPO) traded up 9.6% during trading on Friday . The stock traded as high as $136.11 and last traded at $137.75. 782,078 shares were traded during mid-day trading, a decline of 47% from the average session volume of 1,485,031 shares. The stock had previously closed at $125.64.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on XPO shares. Cowen reaffirmed a “buy” rating on shares of XPO in a research note on Friday, October 31st. Evercore ISI raised their price objective on XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Wells Fargo & Company lifted their target price on XPO from $144.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. TD Cowen increased their price target on XPO from $131.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Citigroup lifted their price objective on XPO from $155.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Twenty investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $148.15.

XPO Trading Up 5.2%

The company has a 50-day moving average of $131.96 and a 200 day moving average of $127.97. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The company has a market cap of $15.51 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 2.51 and a beta of 1.99.

XPO (NYSE:XPO) last issued its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of ($2,243.00) million for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%. Analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the transaction, the director directly owned 5,875 shares of the company’s stock, valued at $793,360. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On XPO

Institutional investors have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in XPO by 306.9% during the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock valued at $660,679,000 after purchasing an additional 3,945,683 shares during the last quarter. Durable Capital Partners LP boosted its position in shares of XPO by 79.3% during the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after buying an additional 1,589,759 shares during the period. Norges Bank bought a new position in shares of XPO during the second quarter valued at approximately $168,840,000. Cooke & Bieler LP purchased a new stake in shares of XPO in the second quarter worth approximately $108,218,000. Finally, Capital World Investors lifted its stake in shares of XPO by 7.3% during the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.