XPO, Inc. (NYSE:XPO) COO David J. Bates Acquires 1,880 Shares

XPO, Inc. (NYSE:XPO) COO David J. Bates acquired 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares in the company, 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 can be accessed through this hyperlink.

XPO Stock Performance

XPO traded down $0.65 on Monday, hitting $106.59. 96,480 shares of the company traded hands, compared to its average volume of 1,485,544. The company has a 50 day moving average of $131.28 and a 200-day moving average of $129.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $12.50 billion, a PE ratio of 32.94, a PEG ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 12-month low of $97.03 and a 12-month high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

Institutional Investors Weigh In On XPO

A number of institutional investors and hedge funds have recently modified their holdings of the company. Capital Research Global Investors raised its position in shares of XPO by 18.5% in the 4th 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 position in shares of XPO by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock worth $1,447,231,000 after buying an additional 79,393 shares during the period. Capital World Investors increased its holdings in XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock valued at $1,016,923,000 after purchasing an additional 1,605,001 shares in the last quarter. D1 Capital Partners L.P. increased its holdings in XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after purchasing an additional 2,153,042 shares in the last quarter. Finally, State Street Corp increased its holdings in XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after purchasing an additional 37,486 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on XPO shares. Susquehanna upgraded shares of XPO from a “neutral” rating to a “positive” rating and raised their price objective for the company from $155.00 to $180.00 in a report on Friday, February 7th. The Goldman Sachs Group lifted their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. UBS Group boosted their price objective on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Oppenheimer boosted their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Vertical Research raised XPO from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Thursday, March 6th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $158.47.

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.