EAM Investors LLC lessened its stake in shares of XPO Logistics, Inc. (NYSE:XPO) by 22.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,524 shares of the transportation company’s stock after selling 19,797 shares during the quarter. XPO Logistics makes up approximately 0.7% of EAM Investors LLC’s portfolio, making the stock its 15th biggest position. EAM Investors LLC owned 0.06% of XPO Logistics worth $4,299,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in shares of XPO Logistics by 461.3% during the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 1,993 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of XPO Logistics by 63.5% during the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 981 shares during the period. Bank of Montreal Can boosted its stake in shares of XPO Logistics by 8.8% during the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 241 shares during the period. Alambic Investment Management L.P. purchased a new stake in shares of XPO Logistics during the first quarter valued at approximately $200,000. Finally, Argent Trust Co purchased a new stake in shares of XPO Logistics during the second quarter valued at approximately $205,000. 89.54% of the stock is owned by hedge funds and other institutional investors.
XPO has been the subject of a number of recent analyst reports. Oppenheimer Holdings, Inc. upped their target price on XPO Logistics from $63.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, July 11th. BidaskClub upgraded XPO Logistics from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Morgan Stanley restated an “overweight” rating and set a $75.00 target price (up previously from $60.00) on shares of XPO Logistics in a report on Tuesday, July 25th. Zacks Investment Research downgraded XPO Logistics from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Stifel Nicolaus restated a “buy” rating and set a $78.00 target price (up previously from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.33.
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XPO Logistics, Inc. (XPO) traded up 0.14% during trading on Friday, reaching $64.09. The company’s stock had a trading volume of 933,985 shares. XPO Logistics, Inc. has a 12-month low of $31.68 and a 12-month high of $65.44. The company has a market capitalization of $7.55 billion, a P/E ratio of 73.41 and a beta of 2.28. The firm’s 50-day moving average price is $58.87 and its 200 day moving average price is $55.67.
XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts predict that XPO Logistics, Inc. will post $1.91 earnings per share for the current fiscal year.
About XPO Logistics
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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