Insider Buying: XPO, Inc. (NYSE:XPO) COO Purchases 1,880 Shares of Stock

XPO, Inc. (NYSE:XPO) COO David J. Bates purchased 1,880 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

XPO Stock Down 1.9 %

XPO opened at $109.09 on Wednesday. The company has a 50 day moving average of $130.16 and a 200 day moving average of $129.74. The company has a market cap of $12.79 billion, a PE ratio of 33.77, a price-to-earnings-growth 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. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, sell-side analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp boosted its holdings in XPO by 159.1% in the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after buying an additional 43,237 shares during the period. Neo Ivy Capital Management bought a new position in XPO in the 3rd quarter valued at $534,000. Exchange Traded Concepts LLC bought a new position in XPO in the 4th quarter valued at $423,000. PCJ Investment Counsel Ltd. boosted its holdings in XPO by 36.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after purchasing an additional 10,740 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares during the period. 97.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on XPO shares. Bank of America dropped their price target on shares of XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Truist Financial started coverage on shares of XPO in a research report on Thursday, March 13th. They issued a “buy” rating and a $130.00 price target on the stock. Jefferies Financial Group raised their price target on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Monday, February 24th. Finally, Raymond James decreased their price objective on shares of XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $158.47.

About XPO

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.