Insider Selling: XPO (NYSE:XPO) CFO Sells $131,602.50 in Stock

XPO, Inc. (NYSE:XPO) CFO Kyle Wismans sold 750 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $175.47, for a total value of $131,602.50. Following the transaction, the chief financial officer directly owned 47,966 shares of the company’s stock, valued at $8,416,594.02. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 14th, Kyle Wismans sold 750 shares of XPO stock. The stock was sold at an average price of $178.52, for a total value of $133,890.00.

XPO Trading Up 2.1%

Shares of XPO stock opened at $179.71 on Friday. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05. The stock has a market cap of $21.04 billion, a P/E ratio of 53.01, a P/E/G ratio of 1.79 and a beta of 1.85. 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 business’s 50 day moving average is $191.57 and its 200-day moving average is $202.13.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts predict that XPO, Inc. will post 5.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on XPO shares. Oppenheimer lifted their price objective on shares of XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. TD Cowen raised their target price on shares of XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Susquehanna lifted their price target on XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Bank of America boosted their price target on XPO from $228.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus upped their price objective on XPO from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $225.91.

Key XPO News

Here are the key news stories impacting XPO this week:

• Positive Sentiment: Bank of America raised its price target to $230 from $228 and maintained a “buy” rating. The new target implies substantial potential upside from the stock’s recent trading level, signaling continued confidence in XPO’s earnings and growth outlook.
• Positive Sentiment: XPO opened two new service centers in Mesa, Arizona, and Cameron, Missouri. The facilities expand capacity in fast-growing freight markets, improve the company’s North American less-than-truckload network and could support future shipment growth. XPO Opens Two New Service Centers in Fast-Growing Freight Markets
• Neutral Sentiment: Chief Financial Officer Kyle Wismans sold 750 shares, while Chief Operating Officer David Bates sold 2,615 shares. Both transactions were executed under pre-arranged Rule 10b5-1 trading plans, reducing the likelihood that the sales reflect a change in management’s view of XPO’s prospects. The executives continue to hold substantial positions.
• Negative Sentiment: Zacks Research downgraded XPO from “strong buy” to “hold.” The change may temper enthusiasm around the shares, particularly as the stock trades below its 50-day and 200-day moving averages and carries a relatively elevated earnings multiple.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc lifted its position in XPO by 23.9% during the third quarter. Versant Capital Management Inc now owns 623 shares of the transportation company’s stock worth $110,000 after purchasing an additional 120 shares during the period. QRG Capital Management Inc. grew its stake in XPO by 16.3% during the second quarter. QRG Capital Management Inc. now owns 7,116 shares of the transportation company’s stock worth $1,461,000 after buying an additional 997 shares in the last quarter. Andra AP fonden bought a new position in XPO in the 2nd quarter valued at about $16,854,000. Tidal Investments LLC increased its holdings in XPO by 45.4% in the 2nd quarter. Tidal Investments LLC now owns 7,452 shares of the transportation company’s stock valued at $1,530,000 after buying an additional 2,328 shares during the period. Finally, National Pension Service acquired a new position in shares of XPO in the 2nd quarter valued at approximately $37,695,000. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.

XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.