David Bates Sells 2,615 Shares of XPO (NYSE:XPO) Stock

Key Points

• XPO COO David Bates sold 2,615 shares at an average price of $179.41, generating approximately $469,157; the sale was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct holdings by 3.88%.
• XPO shares fell 1.2% to $178.39 during Tuesday trading. The company recently reported quarterly EPS of $1.70 and revenue of $2.35 billion, exceeding analyst estimates, with revenue up 13.2% year over year.
• Analysts maintain a generally positive outlook, with XPO carrying a “Moderate Buy” consensus rating and an average price target of $225.82; institutional investors own 97.73% of the stock.

XPO, Inc. (NYSE:XPO - Get Free Report) COO David Bates sold 2,615 shares of XPO stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $179.41, for a total transaction of $469,157.15. Following the completion of the transaction, the chief operating officer directly owned 64,735 shares in the company, valued at approximately $11,614,106.35. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Trading Down 1.2%

Shares of NYSE XPO traded down $2.10 during midday trading on Tuesday, reaching $178.39. 1,023,925 shares of the stock were exchanged, compared to its average volume of 1,450,542. XPO, Inc. has a 12 month low of $121.48 and a 12 month high of $232.05. The company has a market capitalization of $20.89 billion, a price-to-earnings ratio of 52.62, a P/E/G ratio of 1.86 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. The business has a 50-day simple moving average of $200.36 and a two-hundred day simple moving average of $204.28.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The company's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts expect that XPO, Inc. will post 5.42 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on XPO from $237.00 to $241.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Citizens Jmp initiated coverage on XPO in a report on Wednesday, July 15th. They set a "market perform" rating for the company. Zacks Research raised XPO from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 4th. BMO Capital Markets boosted their target price on shares of XPO from $240.00 to $245.00 and gave the company an "outperform" rating in a research report on Thursday, June 4th. Finally, Raymond James Financial dropped their price objective on shares of XPO from $233.00 to $225.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, XPO presently has an average rating of "Moderate Buy" and a consensus target price of $225.82.

Hedge Funds Weigh In On XPO

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in shares of XPO by 73.3% during the 1st quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company's stock valued at $34,770,000 after purchasing an additional 75,600 shares during the last quarter. National Pension Service bought a new position in XPO in the 2nd quarter valued at approximately $37,695,000. Border to Coast Pensions Partnership Ltd acquired a new stake in XPO in the first quarter valued at approximately $36,048,000. K.J. Harrison & Partners Inc acquired a new stake in XPO in the second quarter valued at approximately $4,927,000. Finally, MFN Partners Management LP bought a new stake in shares of XPO during the second quarter worth $2,026,148,865. Institutional investors own 97.73% of the company's stock.

About XPO

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.

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