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

Key Points

• XPO CFO Kyle Wismans sold 750 shares at an average price of $178.52, for total proceeds of $133,890. The Rule 10b5-1 transaction reduced his ownership by 1.52%, leaving him with 48,716 shares.
• XPO shares fell 1.2% to $178.39, well below their 50-day and 200-day moving averages. The stock has traded between $121.48 and $232.05 over the past year.
• XPO exceeded quarterly expectations, reporting $1.70 in EPS versus a $1.48 estimate and $2.35 billion in revenue, up 13.2% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $225.82.

XPO, Inc. (NYSE:XPO - Get Free Report) CFO Kyle Wismans sold 750 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $178.52, for a total value of $133,890.00. Following the transaction, the chief financial officer owned 48,716 shares of the company's stock, valued at $8,696,780.32. This trade represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Trading Down 1.2%

XPO stock traded down $2.10 during trading on Tuesday, hitting $178.39. The company had a trading volume of 1,023,925 shares, compared to its average volume of 1,450,542. The stock has a market cap of $20.89 billion, a PE ratio of 52.62, a PEG ratio of 1.86 and a beta of 1.85. The business has a 50-day moving average of $200.36 and a 200-day moving average of $204.28. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05.

XPO (NYSE:XPO - Get Free Report) 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 firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company's revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.05 EPS. Research analysts predict that XPO, Inc. will post 5.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of XPO from $208.00 to $210.00 and gave the stock an "overweight" rating in a research note on Monday, June 8th. Weiss Ratings downgraded XPO from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Citigroup lowered their price objective on XPO from $221.00 to $220.00 and set a "neutral" rating for the company in a research report on Tuesday, September 8th. Oppenheimer boosted their price objective on XPO from $236.00 to $238.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Finally, Stifel Nicolaus boosted their price objective on XPO from $237.00 to $241.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $225.82.

Institutional Trading of XPO

Several hedge funds have recently modified their holdings of XPO. BlackRock Inc. bought a new position in XPO during the second quarter worth $2,985,276,000. MFN Partners Management LP bought a new stake in XPO in the second quarter valued at $2,026,148,865. Norges Bank acquired a new position in shares of XPO during the fourth quarter valued at about $204,304,000. Bessemer Group Inc. raised its holdings in shares of XPO by 115.9% during the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company's stock valued at $470,986,000 after purchasing an additional 1,299,480 shares during the period. Finally, Findlay Park Partners LLP acquired a new position in shares of XPO during the second quarter valued at about $236,104,000. 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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