XPO (NYSE:XPO) CAO Sells $757,275.00 in Stock

Key Points

• XPO’s chief accounting officer Christopher Michael Brown sold 3,750 shares at an average price of $201.94, generating $757,275 and reducing his holdings by 10.79% to 31,005 shares. He also sold 1,250 shares the previous day for $251,762.50.
• XPO shares rose 2.7% to $208.87, while the company reported quarterly EPS of $1.70 and revenue of $2.35 billion, exceeding analyst estimates; revenue increased 13.2% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $225.86. Institutional investors own 97.73% of XPO’s outstanding stock.

XPO, Inc. (NYSE:XPO - Get Free Report) CAO Christopher Michael Brown sold 3,750 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares of the company's stock, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Christopher Michael Brown also recently made the following trade(s):

• On Monday, August 10th, Christopher Michael Brown sold 1,250 shares of XPO stock. The stock was sold at an average price of $201.41, for a total transaction of $251,762.50.

XPO Trading Up 2.7%

NYSE XPO traded up $5.47 on Wednesday, hitting $208.87. The company's stock had a trading volume of 995,243 shares, compared to its average volume of 1,531,274. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The company's 50-day moving average is $208.42 and its 200 day moving average is $202.19. The firm has a market cap of $24.46 billion, a PE ratio of 61.61, a PEG ratio of 2.04 and a beta of 1.85.

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, beating the consensus estimate of $1.48 by $0.22. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. As a group, analysts predict that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

A number of large investors have recently bought and sold shares of the stock. Keating Financial Advisory Services Inc. acquired a new stake in shares of XPO in the 2nd quarter valued at about $32,000. Elyxium Wealth LLC bought a new position in XPO in the fourth quarter worth approximately $28,000. Torren Management LLC acquired a new stake in XPO in the fourth quarter valued at approximately $37,000. International Assets Investment Management LLC bought a new stake in shares of XPO during the fourth quarter valued at approximately $41,000. Finally, Horizon Investments LLC bought a new stake in shares of XPO during the third quarter valued at approximately $39,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XPO has been the subject of a number of analyst reports. Citizens Jmp assumed coverage on XPO in a research report on Wednesday, July 15th. They set a "market perform" rating for the company. Raymond James Financial reduced their target price on XPO from $233.00 to $225.00 and set an "outperform" rating on the stock in a report on Monday, July 13th. Susquehanna raised their price target on shares of XPO from $212.00 to $214.00 and gave the stock a "neutral" rating in a report on Tuesday, July 14th. TD Cowen boosted their price target on shares of XPO from $224.00 to $228.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, BMO Capital Markets upped their price objective on shares of XPO from $240.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, XPO currently has a consensus rating of "Moderate Buy" and an average target price of $225.86.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company's operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.

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