Christopher Michael Brown Sells 1,250 Shares of XPO (NYSE:XPO) Stock

XPO, Inc. (NYSE:XPO) CAO Christopher Michael Brown sold 1,250 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $201.41, for a total transaction of $251,762.50. Following the completion of the transaction, the chief accounting officer directly owned 34,755 shares in the company, valued at $7,000,004.55. The trade was a 3.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, August 11th, Christopher Michael Brown sold 3,750 shares of XPO stock. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00.

XPO Price Performance

Shares of NYSE XPO traded up $5.47 during mid-day trading on Wednesday, reaching $208.87. 995,243 shares of the company were exchanged, compared to its average volume of 1,531,274. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05. The company’s 50 day moving average price is $208.42 and its 200 day moving average price is $202.19. The stock has a market capitalization of $24.46 billion, a PE ratio of 61.61, a PEG ratio of 2.04 and a beta of 1.85. 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 (NYSE:XPO) last released its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. Sell-side analysts forecast that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on XPO. UBS Group raised their price objective on XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings lowered XPO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Truist Financial set a $240.00 price target on shares of XPO in a research report on Friday, May 1st. Stifel Nicolaus lifted their price target on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley set a $105.00 price objective on shares of XPO and gave the company an “underweight” rating in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.86.

Institutional Investors Weigh In On XPO

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

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.