XPO (NYSE:XPO) CFO Kyle Wismans Sells 750 Shares of Company Stock

Key Points

• XPO CFO Kyle Wismans sold 750 shares at an average $191.62, totaling $143,715, under a pre-arranged Rule 10b5-1 plan. He retained 47,216 shares after the sale.
• XPO reported quarterly EPS of $1.70, above the $1.58 consensus, while revenue of $2.37 billion came in slightly below estimates; revenue rose 12.4% year over year.
• Analysts give XPO a “Moderate Buy” consensus rating, with an average price target of $221.45.

XPO, Inc. (NYSE:XPO - Get Free Report) CFO Kyle Wismans sold 750 shares of the company's stock in a transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kyle Wismans also recently made the following trade(s):

• On Thursday, October 1st, Kyle Wismans sold 750 shares of XPO stock. The shares were sold at an average price of $175.47, for a total transaction of $131,602.50.
• On Monday, September 14th, Kyle Wismans sold 750 shares of XPO stock. The shares were sold at an average price of $178.52, for a total transaction of $133,890.00.

XPO Trading Down 0.3%

Shares of NYSE XPO traded down $0.50 during midday trading on Tuesday, hitting $191.22. 1,079,367 shares of the company traded hands, compared to its average volume of 1,412,013. XPO, Inc. has a 12-month low of $124.82 and a 12-month high of $232.05. The firm has a market cap of $22.39 billion, a P/E ratio of 45.10, a P/E/G ratio of 1.82 and a beta of 1.85. The stock has a 50-day moving average price of $183.68 and a 200 day moving average price of $196.40. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.58 by $0.12. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the business posted $1.07 earnings per share. XPO's quarterly revenue was up 12.4% compared to the same quarter last year. As a group, analysts expect that XPO, Inc. will post 5.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Compass Wealth Management LLC purchased a new position in XPO in the 3rd quarter worth about $26,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of XPO during the 2nd quarter valued at about $32,000. Transamerica Financial Advisors LLC bought a new stake in shares of XPO in the second quarter worth approximately $32,000. Lynch Investment Planning LLC bought a new stake in shares of XPO in the third quarter worth approximately $33,000. Finally, Reyes Financial Architecture Inc. bought a new stake in shares of XPO in the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Raymond James Financial restated an "outperform" rating and issued a $210.00 price target on shares of XPO in a research note on Friday. Stephens boosted their target price on XPO from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Jefferies Financial Group reissued a "buy" rating and issued a $275.00 target price on shares of XPO in a research note on Friday. Sanford C. Bernstein started coverage on XPO in a report on Thursday, September 10th. They set an "outperform" rating and a $244.00 price target for the company. Finally, Truist Financial lowered their price target on XPO from $240.00 to $220.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. Two 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 stock. According to data from MarketBeat.com, XPO currently has an average rating of "Moderate Buy" and an average price target of $221.45.

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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