Weiss Ratings Reaffirms "Hold (C)" Rating for XPO (NYSE:XPO)

Key Points

• Weiss Ratings has reaffirmed a **"Hold (C)" rating** for XPO, despite enjoying various ratings upgrades from other analysts, including a **price objective increase from $138 to $145 by Susquehanna**.
• XPO's stock price rose by **3.4% to $136.88**, with a market capitalization of **$16.12 billion** and a **price-to-earnings ratio of 47.27**.
• Insider selling activity was noted, as Director Allison Landry sold **3,250 shares** at $135.04, resulting in a **35.62% decrease** in her ownership stake in XPO.

XPO (NYSE:XPO - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

XPO has been the subject of a number of other research reports. Susquehanna raised their price objective on XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research report on Wednesday, June 18th. Wall Street Zen raised XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Truist Financial lifted their target price on XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Barclays lifted their target price on XPO from $135.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Stifel Nicolaus reduced their target price on XPO from $145.00 to $136.00 and set a "buy" rating for the company in a report on Friday, August 1st. Nineteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $139.80.

XPO Stock Up 3.4%

Shares of XPO traded up $4.47 on Wednesday, reaching $136.88. The stock had a trading volume of 445,103 shares, compared to its average volume of 1,509,044. XPO has a 12-month low of $85.06 and a 12-month high of $161.00. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 47.27, a price-to-earnings-growth ratio of 2.67 and a beta of 1.95. The company has a 50-day simple moving average of $128.79 and a 200-day simple moving average of $120.60.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the company earned $1.12 EPS. The firm's revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts predict that XPO will post 4.15 EPS for the current year.

Insider Activity at XPO

In other news, Director Allison Landry sold 3,250 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director directly owned 5,875 shares in the company, valued at $793,360. The trade was a 35.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On XPO

Several large investors have recently made changes to their positions in the company. Wedmont Private Capital increased its stake in XPO by 25.5% during the third quarter. Wedmont Private Capital now owns 2,326 shares of the transportation company's stock worth $308,000 after acquiring an additional 473 shares during the last quarter. GAMMA Investing LLC increased its stake in XPO by 15.3% during the third quarter. GAMMA Investing LLC now owns 2,145 shares of the transportation company's stock worth $277,000 after acquiring an additional 285 shares during the last quarter. Corient Private Wealth LLC increased its stake in XPO by 49.7% during the second quarter. Corient Private Wealth LLC now owns 2,816 shares of the transportation company's stock worth $356,000 after acquiring an additional 935 shares during the last quarter. American Trust bought a new stake in XPO during the second quarter worth approximately $454,000. Finally, Thrivent Financial for Lutherans grew its stake in shares of XPO by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 27,738 shares of the transportation company's stock valued at $3,503,000 after buying an additional 249 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.