XPO, Inc. (NYSE:XPO - Get Free Report) COO David J. Bates bought 1,880 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares of the company's stock, valued at $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
XPO Stock Up 3.7 %
XPO stock opened at $111.23 on Tuesday. 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 $13.04 billion, a P/E ratio of 34.44, a P/E/G ratio of 1.79 and a beta of 2.13. The business has a 50-day moving average of $130.68 and a 200-day moving average of $129.78. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $161.00.
XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Capital Research Global Investors boosted its position in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after buying an additional 2,125,686 shares during the period. Vanguard Group Inc. raised its holdings in XPO by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company's stock worth $1,447,231,000 after acquiring an additional 79,393 shares in the last quarter. Capital World Investors raised its holdings in XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after acquiring an additional 1,605,001 shares in the last quarter. D1 Capital Partners L.P. raised its holdings in XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock worth $506,484,000 after acquiring an additional 2,153,042 shares in the last quarter. Finally, State Street Corp raised its holdings in XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company's stock worth $373,903,000 after acquiring an additional 37,486 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently weighed in on XPO. Jefferies Financial Group boosted their target price on XPO from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Stephens reaffirmed an "overweight" rating and set a $171.00 price objective on shares of XPO in a research note on Wednesday, March 5th. The Goldman Sachs Group lifted their price objective on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Barclays decreased their price objective on XPO from $165.00 to $150.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Finally, Wells Fargo & Company decreased their price objective on XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $158.47.
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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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