XPO (NYSE:XPO) Shares Gap Down – Here’s What Happened

XPO, Inc. (NYSE:XPO) shares gapped down prior to trading on Tuesday . The stock had previously closed at $143.43, but opened at $136.38. XPO shares last traded at $134.5820, with a volume of 857,726 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XPO shares. Rothschild & Co Redburn started coverage on XPO in a research note on Wednesday, November 26th. They issued a “buy” rating and a $156.00 price target for the company. Barclays upped their price objective on shares of XPO from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Redburn Partners set a $156.00 target price on shares of XPO in a research note on Wednesday, November 26th. Susquehanna restated a “positive” rating and set a $162.00 price target on shares of XPO in a research report on Friday, October 31st. Finally, TD Cowen increased their price objective on shares of XPO from $131.00 to $141.00 and gave the company a “buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.23.

XPO Stock Down 8.6%

The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 45.37, a P/E/G ratio of 2.51 and a beta of 2.03. The business has a fifty day moving average of $132.93 and a 200 day moving average of $128.89. 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 (NYSE:XPO) last posted its earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company had revenue of ($2,243.00) million during the quarter. On average, equities analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Allison Landry sold 3,250 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director owned 5,875 shares of the company’s stock, valued at approximately $793,360. This represents a 35.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On XPO

Large investors have recently made changes to their positions in the business. Vise Technologies Inc. boosted its position in shares of XPO by 3.4% in the third quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock valued at $297,000 after acquiring an additional 76 shares during the period. GAMMA Investing LLC raised its stake in XPO by 4.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock valued at $235,000 after purchasing an additional 78 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in XPO by 23.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 82 shares during the last quarter. Archer Investment Corp boosted its holdings in XPO by 9.6% in the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 82 shares during the period. Finally, Bayforest Capital Ltd grew its position in XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.