XPO (NYSE:XPO) Stock Price Down 5.5% – Here’s Why

XPO, Inc. (NYSE:XPO) shares dropped 5.5% during trading on Wednesday . The company traded as low as $201.78 and last traded at $202.46. 1,021,834 shares were traded during trading, a decline of 38% from the average daily volume of 1,647,647 shares. The stock had previously closed at $214.27.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on XPO shares. Truist Financial set a $240.00 target price on shares of XPO in a research note on Friday, May 1st. Jefferies Financial Group upped their price target on XPO to $275.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Morgan Stanley set a $105.00 price objective on XPO and gave the stock an “underweight” rating in a research report on Friday, May 1st. Wells Fargo & Company lifted their price objective on XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Finally, Raymond James Financial restated an “outperform” rating and set a $233.00 price objective on shares of XPO in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.10.

XPO Price Performance

The stock has a market cap of $23.43 billion, a price-to-earnings ratio of 68.34, a price-to-earnings-growth ratio of 2.34 and a beta of 1.83. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The company’s 50-day moving average is $213.75 and its 200-day moving average is $185.77.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that XPO, Inc. will post 4.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

Institutional Investors Weigh In On XPO

Several large investors have recently made changes to their positions in the company. Capital World Investors boosted its position in XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after buying an additional 735,450 shares in the last quarter. Invesco Ltd. increased its holdings in shares of XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after buying an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP raised its stake in shares of XPO by 20.5% in the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after acquiring an additional 736,224 shares during the last quarter. Orbis Allan Gray Ltd raised its stake in shares of XPO by 15.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after acquiring an additional 499,220 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of XPO by 9.7% in the 4th quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock worth $403,684,000 after acquiring an additional 261,935 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.