XPO, Inc. (NYSE:XPO - Get Free Report) COO David J. Bates acquired 1,880 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the acquisition, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
XPO Stock Performance
XPO stock traded up $0.53 during trading hours on Friday, hitting $108.49. 2,894,990 shares of the stock traded hands, compared to its average volume of 1,498,642. The firm's 50 day moving average price is $129.06 and its 200-day moving average price is $129.46. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00.
XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, equities analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.
Institutional Trading of XPO
A number of hedge funds and other institutional investors have recently made changes to their positions in XPO. Versant Capital Management Inc purchased a new stake in XPO in the fourth quarter valued at $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of XPO in the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. boosted its stake in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after buying an additional 130 shares during the last quarter. Larson Financial Group LLC grew its holdings in XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after acquiring an additional 76 shares during the period. Finally, Brooklyn Investment Group purchased a new position in XPO during the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 97.73% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on XPO. Bank of America cut their price objective on shares of XPO from $170.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research note on Friday, March 7th. They issued a "buy" rating and a $156.00 target price on the stock. Raymond James decreased their price target on shares of XPO from $170.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Truist Financial assumed coverage on shares of XPO in a research report on Thursday, March 13th. They issued a "buy" rating and a $130.00 price objective on the stock. Finally, Oppenheimer increased their target price on shares of XPO from $148.00 to $176.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO currently has a consensus rating of "Buy" and a consensus price target of $158.47.
Read Our Latest Analysis on XPO
About XPO
(
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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.
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