XPO, Inc. (NYSE:XPO) Director J Wes Frye Purchases 1,500 Shares of Stock

XPO, Inc. (NYSE:XPO – Get Rating) Director J Wes Frye bought 1,500 shares of the stock in a transaction on Friday, March 10th. The shares were bought at an average price of $35.74 per share, for a total transaction of $53,610.00. Following the acquisition, the director now owns 1,500 shares in the company, valued at approximately $53,610. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

XPO Stock Performance

NYSE:XPO opened at $32.70 on Wednesday. XPO, Inc. has a 12-month low of $24.51 and a 12-month high of $46.84. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 2.44. The firm has a market capitalization of $3.78 billion, a PE ratio of 5.68, a price-to-earnings-growth ratio of 1.45 and a beta of 2.15. The firm has a 50-day moving average price of $37.27 and a 200 day moving average price of $40.63.

XPO (NYSE:XPO – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The transportation company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.16. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.84 billion. XPO had a net margin of 5.75% and a return on equity of 41.62%. XPO’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 earnings per share. Research analysts anticipate that XPO, Inc. will post 2.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Hedge funds and other institutional investors have recently bought and sold shares of the business. Money Concepts Capital Corp boosted its position in shares of XPO by 673.0% during the fourth quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company’s stock worth $26,000 after purchasing an additional 673 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of XPO by 160.1% during the second quarter. Quadrant Capital Group LLC now owns 606 shares of the transportation company’s stock worth $29,000 after acquiring an additional 373 shares during the period. OLD Mission Capital LLC acquired a new stake in XPO in the 4th quarter valued at $31,000. Fifth Third Bancorp increased its stake in XPO by 72.3% in the 3rd quarter. Fifth Third Bancorp now owns 741 shares of the transportation company’s stock valued at $33,000 after buying an additional 311 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. acquired a new stake in XPO in the 3rd quarter valued at $39,000. 89.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XPO has been the topic of a number of analyst reports. Barclays lowered their target price on XPO from $65.00 to $45.00 in a report on Friday, December 16th. KeyCorp decreased their price objective on XPO from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, February 10th. Jefferies Financial Group cut XPO from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $42.00 to $40.00 in a report on Friday, February 10th. Credit Suisse Group decreased their price objective on XPO from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, February 10th. Finally, Morgan Stanley cut XPO from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $55.00 to $43.00 in a report on Monday, February 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and a consensus target price of $50.50.

About XPO

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XPO, Inc engages in the provision of freight transportation services. It operates through North American Less-Than-Truckload and European Transportation segments. The North American Less-Than-Truckload segment includes cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service.