XPO (NYSE:XPO) CFO Sells $143,715.00 in Stock

XPO, Inc. (NYSE:XPO) CFO Kyle Wismans sold 750 shares of XPO stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $191.62, for a total value of $143,715.00. Following the sale, the chief financial officer directly owned 47,216 shares of the company’s stock, valued at $9,047,529.92. This represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 value of $131,602.50.
• 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 Price Performance

Shares of NYSE XPO opened at $176.55 on Friday. The stock’s 50-day simple moving average is $183.25 and its two-hundred day simple moving average is $196.90. XPO, Inc. has a twelve month low of $124.82 and a twelve month high of $232.05. The firm has a market capitalization of $20.57 billion, a P/E ratio of 41.64, a P/E/G ratio of 1.72 and a beta of 1.87. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.52.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. XPO had a return on equity of 32.80% and a net margin of 5.69%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the company posted $1.07 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts anticipate that XPO, Inc. will post 5.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XPO. Sanford C. Bernstein started coverage on shares of XPO in a research report on Thursday, September 10th. They set an “outperform” rating and a $244.00 target price for the company. BMO Capital Markets reissued an “outperform” rating on shares of XPO in a research note on Wednesday, October 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $247.00 price target on shares of XPO in a report on Thursday, July 30th. Oppenheimer raised 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. Finally, Susquehanna dropped their price objective on shares of XPO from $225.00 to $194.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus price target of $221.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of XPO during the 2nd quarter valued at $2,985,276,000. MFN Partners Management LP purchased a new stake in shares of XPO in the 2nd quarter worth about $2,026,148,865. Bessemer Group Inc. increased its stake in shares of XPO by 115.9% in the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after acquiring an additional 1,299,480 shares in the last quarter. Findlay Park Partners LLP bought a new position in shares of XPO in the 2nd quarter worth about $236,104,000. Finally, Bank of New York Mellon Corp bought a new position in shares of XPO in the 2nd quarter worth about $151,798,000. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight-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.