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

XPO, Inc. (NYSE:XPO) COO David J. Bates purchased 1,880 shares of XPO stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

XPO Stock Performance

Shares of XPO opened at $111.42 on Thursday. The stock has a market capitalization of $13.06 billion, a P/E ratio of 34.49, a P/E/G ratio of 1.79 and a beta of 2.13. 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 firm’s 50 day moving average is $129.64 and its 200-day moving average is $129.61. XPO, Inc. has a 12-month low of $97.03 and a 12-month high of $161.00.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XPO. Barclays decreased their target price on XPO from $165.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Benchmark upped their target price on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Stephens reiterated an “overweight” rating and issued a $171.00 price objective on shares of XPO in a report on Wednesday, March 5th. UBS Group lifted their price target on shares of XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Oppenheimer lifted their target price on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO currently has a consensus rating of “Buy” and an average price target of $158.47.

Hedge Funds Weigh In On XPO

Several institutional investors have recently bought and sold shares of the stock. Huntington National Bank boosted its holdings in XPO by 5.3% in the 3rd quarter. Huntington National Bank now owns 4,278 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 215 shares during the period. KBC Group NV increased its holdings in shares of XPO by 7.3% during the third quarter. KBC Group NV now owns 3,109 shares of the transportation company’s stock worth $334,000 after buying an additional 211 shares in the last quarter. CIBC Asset Management Inc boosted its stake in XPO by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock worth $359,000 after purchasing an additional 116 shares in the last quarter. Natixis Advisors LLC lifted its position in XPO by 118.6% during the 3rd quarter. Natixis Advisors LLC now owns 43,016 shares of the transportation company’s stock worth $4,625,000 after buying an additional 23,339 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of XPO in the third quarter valued at approximately $18,071,000. 97.73% of the stock is currently owned by institutional investors.

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.