XPO (NYSE:XPO) Stock Moved Down to “Hold” by Zacks Research

Zacks Research cut shares of XPO (NYSE:XPO) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks reports.

A number of other research analysts have also issued reports on XPO. Susquehanna lifted their target price on XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Stephens upped their price target on shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Raymond James Financial reduced their price objective on shares of XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Bank of America lowered their price objective on shares of XPO from $248.00 to $228.00 and set a “buy” rating on the stock in a research note on Friday, September 4th. Finally, TD Cowen boosted their target price on shares of XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.82.

XPO Stock Performance

Shares of NYSE XPO opened at $176.21 on Tuesday. XPO has a 1 year low of $121.48 and a 1 year high of $232.05. The firm has a market cap of $20.63 billion, a P/E ratio of 51.98, a PEG ratio of 1.81 and a beta of 1.85. The stock has a fifty day moving average price of $192.26 and a two-hundred day moving average price of $202.14. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. Research analysts forecast that XPO will post 5.42 EPS for the current fiscal year.

Insider Activity

In related news, COO David J. Bates sold 2,615 shares of XPO stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $179.41, for a total value of $469,157.15. Following the transaction, the chief operating officer owned 64,735 shares of the company’s stock, valued at approximately $11,614,106.35. This trade represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Wismans sold 750 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $178.52, for a total value of $133,890.00. Following the sale, the chief financial officer owned 48,716 shares in the company, valued at approximately $8,696,780.32. The trade was a 1.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,365 shares of company stock valued at $1,612,085 over the last three months. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in shares of XPO by 73.3% in the 1st quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock valued at $34,770,000 after acquiring an additional 75,600 shares in the last quarter. National Pension Service purchased a new position in XPO during the 2nd quarter worth approximately $37,695,000. Border to Coast Pensions Partnership Ltd purchased a new position in XPO during the 1st quarter worth approximately $36,048,000. K.J. Harrison & Partners Inc acquired a new stake in XPO during the 2nd quarter valued at $4,927,000. Finally, MFN Partners Management LP acquired a new stake in XPO during the 2nd quarter valued at $2,026,148,865. 97.73% of the stock is currently owned by institutional investors and hedge funds.

About XPO

XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.

XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.