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

Key Points

• XPO COO David Bates sold 2,615 shares at an average price of $194.08, for about $507,519. The sale was made under a pre-arranged Rule 10b5-1 plan; Bates retained 59,505 shares.
• XPO reported quarterly EPS of $1.70, beating estimates of $1.58, while revenue of $2.37 billion was slightly below forecasts. Revenue increased 12.4% year over year.
• Analysts maintain a “Moderate Buy” consensus on XPO, with an average price target of $221.45.

XPO, Inc. (NYSE:XPO - Get Free Report) COO David Bates sold 2,615 shares of the firm's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $194.08, for a total value of $507,519.20. Following the completion of the transaction, the chief operating officer directly owned 59,505 shares in the company, valued at $11,548,730.40. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

XPO Stock Performance

Shares of NYSE:XPO traded down $0.50 during mid-day trading on Tuesday, reaching $191.22. 1,079,367 shares of the company traded hands, compared to its average volume of 1,412,013. The company's 50 day moving average price is $183.68 and its 200-day moving average price is $196.40. The firm has a market cap of $22.39 billion, a PE ratio of 45.10, a PEG ratio of 1.82 and a beta of 1.85. XPO, Inc. has a 52 week low of $124.82 and a 52 week high of $232.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly 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. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company's revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. On average, equities analysts expect that XPO, Inc. will post 5.73 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

A number of institutional investors and hedge funds have recently modified their holdings of XPO. BlackRock Inc. purchased a new position in XPO during the second quarter valued at approximately $2,985,276,000. MFN Partners Management LP acquired a new stake in XPO in the 2nd quarter worth approximately $2,026,148,865. Bessemer Group Inc. lifted its stake 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 worth $470,986,000 after buying an additional 1,299,480 shares during the period. Findlay Park Partners LLP purchased a new stake in XPO during the 2nd quarter valued at about $236,104,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of XPO during the second quarter worth about $151,798,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citizens Jmp began coverage on XPO in a research note on Wednesday, July 15th. They issued a "market perform" rating for the company. Jefferies Financial Group reiterated a "buy" rating and set a $275.00 price objective on shares of XPO in a research report on Friday. TD Cowen boosted their target price on shares of XPO from $228.00 to $230.00 and gave the stock a "buy" rating in a report on Friday. UBS Group dropped their target price on shares of XPO from $257.00 to $232.00 and set a "buy" rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of XPO from $205.00 to $207.00 and gave the company an "overweight" rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, XPO has a consensus rating of "Moderate Buy" and a consensus target price of $221.45.

About XPO

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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