Fmr LLC Grows Stake in XPO Logistics, Inc. (XPO)
Fmr LLC lifted its stake in shares of XPO Logistics, Inc. (NYSE:XPO) by 73.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,893,788 shares of the transportation company’s stock after purchasing an additional 1,223,543 shares during the period. Fmr LLC owned about 2.57% of XPO Logistics worth $187,026,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of XPO Logistics by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock worth $591,414,000 after purchasing an additional 718,511 shares during the last quarter. BlackRock Inc. lifted its stake in XPO Logistics by 24,470.3% in the 1st quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock valued at $288,120,000 after buying an additional 5,991,806 shares in the last quarter. Victory Capital Management Inc. lifted its stake in XPO Logistics by 43.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,601,569 shares of the transportation company’s stock valued at $103,509,000 after buying an additional 485,053 shares in the last quarter. American Century Companies Inc. lifted its stake in XPO Logistics by 719.7% in the 2nd quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock valued at $101,957,000 after buying an additional 1,385,098 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in XPO Logistics by 38.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,432,620 shares of the transportation company’s stock valued at $68,608,000 after buying an additional 398,346 shares in the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
XPO has been the topic of several research analyst reports. Barclays PLC lifted their price objective on XPO Logistics from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday. Credit Suisse Group increased their target price on XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, September 29th. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Friday, July 7th. Oppenheimer Holdings, Inc. increased 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. Finally, Stifel Nicolaus restated a “buy” rating and issued a $78.00 target price (up previously from $65.00) on shares of XPO Logistics in a research report on Tuesday, July 11th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $68.67.
Shares of XPO Logistics, Inc. (XPO) opened at 67.30 on Wednesday. The firm has a market capitalization of $7.93 billion, a P/E ratio of 77.09 and a beta of 2.37. XPO Logistics, Inc. has a 52 week low of $31.68 and a 52 week high of $68.15. The firm has a 50 day moving average price of $61.05 and a 200-day moving average price of $56.75.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) 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 firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm posted $0.42 EPS. The company’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 EPS 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.
Receive News & Stock Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related stocks with our FREE daily email newsletter.