XPO (NYSE:XPO) Shares Gap Down to $114.90

XPO, Inc. (NYSE:XPO) gapped down before the market opened on Friday . The stock had previously closed at $114.90, but opened at $110.44. XPO shares last traded at $113.22, with a volume of 152,703 shares.

Analysts Set New Price Targets

XPO has been the subject of a number of recent analyst reports. Wells Fargo & Company assumed coverage on shares of XPO in a report on Friday, June 7th. They issued an “overweight” rating and a $125.00 price objective for the company. Susquehanna lowered their price target on XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. TD Cowen boosted their price objective on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and increased their target price for the company from $115.00 to $120.00 in a research report on Friday, May 24th. Finally, Raymond James cut their price target on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.45.

XPO Stock Down 3.8 %

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.49. The firm has a market capitalization of $12.86 billion, a PE ratio of 52.82, a price-to-earnings-growth ratio of 1.74 and a beta of 2.10. The business has a 50-day moving average price of $107.23 and a 200-day moving average price of $110.23.

XPO (NYSE:XPO) last released its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts forecast that XPO, Inc. will post 3.54 earnings per share for the current fiscal year.

Insider Activity at XPO

In other news, Director Allison Landry sold 1,875 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total transaction of $195,975.00. Following the completion of the sale, the director now owns 6,965 shares in the company, valued at approximately $727,981.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total value of $141,225,000.00. Following the transaction, the insider now owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Allison Landry sold 1,875 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the transaction, the director now directly owns 6,965 shares of the company’s stock, valued at approximately $727,981.80. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Institutional Trading of XPO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Mystic Asset Management Inc. grew its stake in shares of XPO by 1.7% in the first quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock valued at $1,068,000 after buying an additional 150 shares in the last quarter. US Bancorp DE grew its position in XPO by 0.9% in the 1st quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock valued at $2,140,000 after acquiring an additional 154 shares in the last quarter. CWM LLC increased its stake in XPO by 25.2% during the fourth quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after purchasing an additional 160 shares during the period. Private Advisor Group LLC increased its stake in XPO by 4.9% during the 1st quarter. Private Advisor Group LLC now owns 3,811 shares of the transportation company’s stock worth $465,000 after buying an additional 179 shares during the period. Finally, Quent Capital LLC lifted its holdings in XPO by 33.5% during the 4th quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock worth $64,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors 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.