XPO, Inc. $XPO Stock: Sigma Planning Corp Trims Stake

Sigma Planning Corp reduced its holdings in shares of XPO, Inc. (NYSE:XPO) by 26.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,419 shares of the transportation company’s stock after selling 3,344 shares during the quarter. Sigma Planning Corp’s holdings in XPO were worth $1,654,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in XPO. Compass Wealth Management LLC acquired a new stake in XPO during the 3rd quarter valued at $26,000. Keating Financial Advisory Services Inc. bought a new position in XPO during the second quarter worth $32,000. Transamerica Financial Advisors LLC acquired a new position in shares of XPO in the second quarter valued at $32,000. Reyes Financial Architecture Inc. acquired a new position in shares of XPO in the third quarter valued at $37,000. Finally, Root Financial Partners LLC increased its holdings in shares of XPO by 21.1% in the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 63 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Performance

NYSE:XPO opened at $181.09 on Thursday. The stock has a market cap of $21.20 billion, a P/E ratio of 53.42, a PEG ratio of 1.83 and a beta of 1.85. The stock has a 50 day simple moving average of $184.26 and a 200 day simple moving average of $195.77. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the company posted $1.05 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Research analysts anticipate that XPO, Inc. will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of XPO from $228.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of XPO in a report on Wednesday, October 7th. Raymond James Financial set a $205.00 target price on shares of XPO in a report on Thursday, October 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $247.00 price target on shares of XPO in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of XPO from $214.00 to $205.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and an average target price of $222.64.

Insiders Place Their Bets

In related news, CFO Kyle Wismans sold 750 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $175.47, for a total value of $131,602.50. Following the transaction, the chief financial officer directly owned 47,966 shares in the company, valued at approximately $8,416,594.02. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David J. Bates sold 2,615 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $179.41, for a total transaction of $469,157.15. Following the transaction, the chief operating officer directly owned 64,735 shares in the company, valued at approximately $11,614,106.35. This represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,730 shares of company stock worth $2,208,974 in the last 90 days. Company insiders own 0.87% of the company’s stock.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.