XPO (NYSE:XPO) Director Sells $438,880.00 in Stock

Key Points

• Allison Landry, a director at XPO, Inc., sold 3,250 shares of the company's stock worth $438,880, reducing her ownership by 35.62%.
• XPO's stock price has decreased by 3.0%, currently trading at $130.40, with significant trading volume registered over the period.
$138.00 to $145.00, reflecting a generally optimistic sentiment towards the stock.

XPO, Inc. (NYSE:XPO - Get Free Report) Director Allison Landry sold 3,250 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the sale, the director owned 5,875 shares in the company, valued at $793,360. This represents a 35.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

XPO Trading Down 4.1%

XPO stock traded down $5.55 during midday trading on Wednesday, reaching $129.85. The stock had a trading volume of 1,798,420 shares, compared to its average volume of 1,065,517. The firm's fifty day simple moving average is $129.58 and its two-hundred day simple moving average is $118.63. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 2.61 and a beta of 1.96.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) 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 in the prior year, the company earned $1.12 earnings per share. The company's revenue for the quarter was up .0% on a year-over-year basis. Equities analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Institutional Trading of XPO

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPO. American Trust bought a new position in shares of XPO in the 2nd quarter valued at about $454,000. Thrivent Financial for Lutherans raised 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 worth $3,503,000 after buying an additional 249 shares during the last quarter. State of Wyoming acquired a new position in XPO in the second quarter valued at approximately $139,000. Geneos Wealth Management Inc. boosted its stake in XPO by 8.9% in the second quarter. Geneos Wealth Management Inc. now owns 3,288 shares of the transportation company's stock valued at $415,000 after acquiring an additional 268 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in XPO by 4.0% in the second quarter. Westwood Holdings Group Inc. now owns 191,730 shares of the transportation company's stock valued at $24,214,000 after acquiring an additional 7,319 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Susquehanna increased their price objective on XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. Morgan Stanley cut their target price on shares of XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. Truist Financial upped their target price on shares of XPO from $125.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Wells Fargo & Company lifted their price objective on XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Stephens reissued an "overweight" rating and issued a $131.00 price target on shares of XPO in a research report on Thursday, June 5th. Nineteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, XPO currently has an average rating of "Moderate Buy" and an average target price of $138.00.

About XPO

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.