XPO, Inc. $XPO Shares Newly Purchased by Markel Group Inc.

Key Points

• Markel Group initiated a position in XPO, buying 8,674 shares worth approximately $1.53 million in the third quarter; institutional investors collectively own 97.73% of the stock.
• Analysts give XPO a “Moderate Buy” consensus with an average price target of $221.45, although some firms recently cut their targets while others raised or maintained theirs.
• XPO beat quarterly EPS expectations with $1.70 per share versus $1.58 expected, and revenue rose 12.4% year over year to $2.37 billion. Executives also sold shares under pre-arranged trading plans.

Markel Group Inc. bought a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 8,674 shares of the transportation company's stock, valued at approximately $1,526,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new stake in XPO during the third quarter worth about $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of XPO during the second quarter worth approximately $32,000. Transamerica Financial Advisors LLC acquired a new stake in shares of XPO during the second quarter worth approximately $32,000. Lynch Investment Planning LLC bought a new position in shares of XPO in the third quarter valued at approximately $33,000. Finally, Reyes Financial Architecture Inc. bought a new position in shares of XPO in the third quarter valued at approximately $37,000. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

XPO has been the topic of several recent analyst reports. Susquehanna reduced their target price on XPO from $225.00 to $194.00 and set a "neutral" rating on the stock in a report on Friday, October 2nd. Wells Fargo & Company decreased their price target on XPO from $250.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, October 30th. Stephens raised their price target on XPO from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Jefferies Financial Group reiterated a "buy" rating and issued a $275.00 price objective on shares of XPO in a research report on Friday. Finally, Citigroup lifted their price objective on XPO from $224.00 to $229.00 and gave the company a "buy" rating in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $221.45.

Insider Activity

In related news, COO David Bates sold 2,615 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $194.08, for a total value of $507,519.20. Following the completion of the sale, the chief operating officer owned 59,505 shares of the company's stock, valued at $11,548,730.40. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Wismans sold 750 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The stock was 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 owned 47,216 shares of the company's stock, valued at $9,047,529.92. This trade represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,095 shares of company stock valued at $2,860,208 over the last three months. 0.87% of the stock is owned by insiders.

XPO Stock Down 0.3%

Shares of NYSE:XPO opened at $191.22 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.52. The firm has a market cap of $22.28 billion, a P/E ratio of 36.24, a P/E/G ratio of 1.75 and a beta of 1.87. XPO, Inc. has a 12 month low of $124.82 and a 12 month high of $232.05. The company's 50-day moving average price is $183.67 and its two-hundred day moving average price is $196.60.

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

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.

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