Insider Selling: XPO (NYSE:XPO) CAO Sells 1,750 Shares of Stock

Key Points

• XPO Chief Accounting Officer Christopher Brown sold 1,750 shares for about $331,328 at an average price of $189.33 under a pre-arranged Rule 10b5-1 trading plan. He retained 29,255 shares after the sale, a 5.64% reduction in his holdings.
• XPO reported quarterly EPS of $1.70, beating the $1.58 consensus; revenue rose 12.4% year over year to $2.37 billion, slightly below expectations.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $221.45. Shares traded at $192.54 in Friday midday trading.

XPO, Inc. (NYSE:XPO - Get Free Report) CAO Christopher Brown sold 1,750 shares of the business's stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $189.33, for a total value of $331,327.50. Following the completion of the transaction, the chief accounting officer directly owned 29,255 shares in the company, valued at approximately $5,538,849.15. This represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Price Performance

XPO stock traded up $3.95 during midday trading on Friday, hitting $192.54. The company's stock had a trading volume of 734,221 shares, compared to its average volume of 1,401,047. XPO, Inc. has a 12 month low of $124.82 and a 12 month high of $232.05. 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 capitalization of $22.43 billion, a price-to-earnings ratio of 45.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.87. The company has a 50 day moving average of $182.93 and a two-hundred day moving average of $197.84.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.12. XPO had a net margin of 5.69% and a return on equity of 32.80%. The firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.38 billion. During the same quarter last year, the business posted $1.07 earnings per share. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. On average, analysts expect that XPO, Inc. will post 5.77 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Compass Wealth Management LLC purchased a new stake in XPO during the third quarter valued at $26,000. Keating Financial Advisory Services Inc. bought a new position in XPO during the second quarter valued at $32,000. Transamerica Financial Advisors LLC bought a new position in XPO during the second quarter valued at $32,000. Lynch Investment Planning LLC purchased a new position in shares of XPO in the 3rd quarter worth $33,000. Finally, Reyes Financial Architecture Inc. purchased a new position in shares of XPO in the 3rd quarter worth $37,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on XPO shares. Stephens lifted their price target on shares of XPO from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Friday, July 31st. UBS Group dropped their price objective on shares of XPO from $257.00 to $232.00 and set a "buy" rating for the company in a report on Friday, October 30th. The Goldman Sachs Group reissued a "buy" rating and set a $247.00 price objective on shares of XPO in a report on Thursday, July 30th. Stifel Nicolaus set a $235.00 price objective on XPO in a research report on Friday, October 30th. Finally, Wells Fargo & Company reduced their target price on XPO from $250.00 to $230.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $221.45.

XPO Company Profile

XPO Inc. is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer. The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.

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