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

XPO, Inc. (NYSE:XPO) CFO Kyle Wismans sold 750 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $178.52, for a total transaction of $133,890.00. Following the transaction, the chief financial officer directly owned 48,716 shares in the company, valued at $8,696,780.32. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Price Performance

NYSE XPO opened at $178.39 on Wednesday. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05. The stock’s 50-day moving average is $199.88 and its two-hundred day moving average is $204.14. The firm has a market cap of $20.89 billion, a P/E ratio of 52.62, a price-to-earnings-growth ratio of 1.84 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.22. The company had revenue of $2.35 billion during 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 firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. On average, analysts anticipate that XPO, Inc. will post 5.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $247.00 price target on shares of XPO in a report on Thursday, July 30th. Stifel Nicolaus boosted their price objective on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Bank of America decreased their price objective on shares of XPO from $248.00 to $228.00 and set a “buy” rating for the company in a report on Friday, September 4th. Raymond James Financial lowered their target price on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Susquehanna lifted their target price on shares of XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and an average target price of $225.82.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in shares of XPO by 73.3% in the 1st quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock worth $34,770,000 after acquiring an additional 75,600 shares during the period. National Pension Service bought a new stake in shares of XPO during the second quarter valued at approximately $37,695,000. Border to Coast Pensions Partnership Ltd bought a new stake in shares of XPO during the first quarter valued at approximately $36,048,000. K.J. Harrison & Partners Inc acquired a new position in shares of XPO in the second quarter valued at $4,927,000. Finally, MFN Partners Management LP acquired a new position in shares of XPO in the second quarter valued at $2,026,148,865. 97.73% of the stock is owned by institutional investors.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.