Axiom International Investors LLC DE Acquires 29,402 Shares of XPO Logistics, Inc. (XPO)

Axiom International Investors LLC DE raised its stake in shares of XPO Logistics, Inc. (NYSE:XPO) by 20.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,683 shares of the transportation company’s stock after acquiring an additional 29,402 shares during the quarter. Axiom International Investors LLC DE owned approximately 0.15% of XPO Logistics worth $11,976,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IHT Wealth Management LLC purchased a new position in XPO Logistics in the 2nd quarter worth $1,147,000. Teacher Retirement System of Texas raised its stake in XPO Logistics by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 8,912 shares of the transportation company’s stock worth $576,000 after acquiring an additional 161 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in XPO Logistics by 1.6% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock worth $704,000 after acquiring an additional 179 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in XPO Logistics by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock worth $274,000 after acquiring an additional 373 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in XPO Logistics by 18.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after acquiring an additional 466 shares during the last quarter.

XPO Logistics, Inc. (NYSE:XPO) traded down $0.35 during mid-day trading on Thursday, hitting $76.03. 1,026,800 shares of the company’s stock were exchanged, compared to its average volume of 1,503,416. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. XPO Logistics, Inc. has a one year low of $42.07 and a one year high of $80.10. The company has a market cap of $9,156.69, a P/E ratio of 44.15, a price-to-earnings-growth ratio of 1.10 and a beta of 2.52.

XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. sell-side analysts anticipate that XPO Logistics, Inc. will post 1.92 EPS for the current year.

A number of equities analysts have weighed in on XPO shares. CIBC reduced their price objective on XPO Logistics from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Monday, November 20th. Oppenheimer lifted their price objective on XPO Logistics from $77.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 20th. Wells Fargo & Company lifted their price target on XPO Logistics to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Stifel Nicolaus lifted their price target on XPO Logistics from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Deutsche Bank restated a “buy” rating and issued a $110.00 price target on shares of XPO Logistics in a research note on Friday, November 3rd. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. XPO Logistics has an average rating of “Buy” and a consensus price target of $77.59.

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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.

Institutional Ownership by Quarter for XPO Logistics (NYSE:XPO)

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