XPO Logistics, Inc. (NYSE:XPO) CAO Lance A. Robinson sold 10,000 shares of XPO Logistics stock in a transaction on Wednesday, June 16th. The shares were sold at an average price of $151.54, for a total transaction of $1,515,400.00. Following the completion of the sale, the chief accounting officer now owns 65,157 shares in the company, valued at $9,873,891.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NYSE:XPO traded down $5.71 during trading hours on Thursday, hitting $146.54. The company's stock had a trading volume of 1,376,256 shares, compared to its average volume of 977,958. XPO Logistics, Inc. has a 52 week low of $71.71 and a 52 week high of $153.45. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $16.37 billion, a P/E ratio of 111.86, a price-to-earnings-growth ratio of 1.99 and a beta of 2.18. The company's fifty day moving average is $141.77.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Sunday, May 2nd. The transportation company reported $1.46 EPS for the quarter, topping the consensus estimate of $0.97 by $0.49. The firm had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.33 billion. XPO Logistics had a net margin of 1.17% and a return on equity of 12.79%. XPO Logistics's revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. Equities research analysts forecast that XPO Logistics, Inc. will post 6.29 EPS for the current year.
A number of analysts have issued reports on the stock. KeyCorp lifted their price target on shares of XPO Logistics from $170.00 to $175.00 and gave the company an "overweight" rating in a report on Thursday, June 10th. Barclays upgraded shares of XPO Logistics from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $136.00 to $160.00 in a report on Thursday, April 15th. Bank of America lifted their price objective on shares of XPO Logistics from $156.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday, June 1st. They noted that the move was a valuation call. Vertical Research raised shares of XPO Logistics from a "hold" rating to a "buy" rating and set a $160.00 price objective for the company in a research note on Wednesday, May 5th. Finally, Truist lifted their price objective on shares of XPO Logistics from $140.00 to $150.00 in a research note on Thursday, April 15th. Two equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. The stock currently has a consensus rating of "Buy" and an average target price of $152.65.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group bought a new position in shares of XPO Logistics during the 1st quarter worth approximately $106,000. Jackson Creek Investment Advisors LLC bought a new position in shares of XPO Logistics during the 1st quarter worth approximately $1,165,000. Aspire Private Capital LLC bought a new position in shares of XPO Logistics during the 1st quarter worth approximately $25,000. Kingsview Wealth Management LLC raised its stake in shares of XPO Logistics by 60.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 13,328 shares of the transportation company's stock worth $1,699,000 after acquiring an additional 5,031 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of XPO Logistics by 29.8% during the 1st quarter. Principal Financial Group Inc. now owns 351,716 shares of the transportation company's stock worth $43,367,000 after acquiring an additional 80,718 shares in the last quarter. Hedge funds and other institutional investors own 73.22% of the company's stock.
XPO Logistics Company Profile
XPO Logistics, Inc provides supply chain solutions in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, Transportation and Logistics. The Transportation segment offers less-than-truckload (LTL) services, such as density and day-definite regional, inter-regional, and transcontinental LTL freight services through a network of tractors, trailers, professional drivers, and terminals; and truck brokerage services.
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