Cannell Peter B & Co. Inc. cut its holdings in shares of XPO Logistics, Inc. (NYSE:XPO) by 26.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,575 shares of the transportation company’s stock after selling 9,350 shares during the period. Cannell Peter B & Co. Inc.’s holdings in XPO Logistics were worth $1,718,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Oppenheimer & Co. Inc. boosted its position in XPO Logistics by 4.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 55,810 shares of the transportation company’s stock worth $3,607,000 after buying an additional 2,385 shares during the period. Cipher Capital LP boosted its position in XPO Logistics by 10.1% during the 2nd quarter. Cipher Capital LP now owns 31,180 shares of the transportation company’s stock worth $2,015,000 after buying an additional 2,858 shares during the period. Swiss National Bank boosted its position in XPO Logistics by 0.9% during the 2nd quarter. Swiss National Bank now owns 185,014 shares of the transportation company’s stock worth $11,957,000 after buying an additional 1,600 shares during the period. Eagle Asset Management Inc. boosted its position in XPO Logistics by 274.6% during the 2nd quarter. Eagle Asset Management Inc. now owns 317,106 shares of the transportation company’s stock worth $20,494,000 after buying an additional 232,443 shares during the period. Finally, Chicago Equity Partners LLC acquired a new stake in XPO Logistics during the 2nd quarter worth approximately $515,000. Institutional investors and hedge funds own 89.55% of the company’s stock.
XPO has been the topic of several recent research reports. Stifel Nicolaus set a $77.00 target price on shares of XPO Logistics and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Morgan Stanley boosted their price target on shares of XPO Logistics from $60.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Deutsche Bank AG restated a “buy” rating and issued a $75.00 price target on shares of XPO Logistics in a research report on Monday, June 5th. William Blair restated an “outperform” rating on shares of XPO Logistics in a research report on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. boosted their price target on shares of XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. XPO Logistics has a consensus rating of “Buy” and a consensus target price of $67.33.
Shares of XPO Logistics, Inc. (NYSE XPO) opened at 60.83 on Friday. The firm’s 50-day moving average is $58.79 and its 200-day moving average is $55.47. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 69.68 and a beta of 2.28. XPO Logistics, Inc. has a 52 week low of $31.68 and a 52 week high of $65.44.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company earned $0.42 earnings per share. XPO Logistics’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that XPO Logistics, Inc. will post $1.91 earnings per share for the current year.
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XPO Logistics Profile
XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.
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