Gotham Asset Management LLC lowered its stake in XPO Logistics, Inc. (NYSE:XPO) by 2.2% during the first quarter, Holdings Channel reports. The firm owned 636,807 shares of the transportation company’s stock after selling 14,057 shares during the period. Gotham Asset Management LLC owned approximately 0.57% of XPO Logistics worth $30,497,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of XPO Logistics by 7.8% in the first quarter. Vanguard Group Inc. now owns 8,432,238 shares of the transportation company’s stock valued at $403,820,000 after buying an additional 606,812 shares during the period. BlackRock Inc. boosted its position in XPO Logistics by 24,470.3% in the first quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after buying an additional 5,991,806 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in XPO Logistics by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,987,213 shares of the transportation company’s stock worth $128,931,000 after buying an additional 242,107 shares during the last quarter. State Street Corp boosted its position in XPO Logistics by 3.4% in the fourth quarter. State Street Corp now owns 1,958,896 shares of the transportation company’s stock worth $84,546,000 after buying an additional 64,041 shares during the last quarter. Finally, FMR LLC boosted its position in XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after buying an additional 319,056 shares during the last quarter. 93.17% of the stock is owned by hedge funds and other institutional investors.
Shares of XPO Logistics, Inc. (NYSE XPO) traded up 0.74% during mid-day trading on Friday, hitting $61.52. 1,469,477 shares of the stock traded hands. The firm’s 50 day moving average price is $54.67 and its 200 day moving average price is $48.83. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 72.55 and a beta of 2.25. XPO Logistics, Inc. has a 12-month low of $22.23 and a 12-month high of $61.84.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.14. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.55 billion. XPO Logistics had a net margin of 0.76% and a return on equity of 5.63%. On average, equities research analysts predict that XPO Logistics, Inc. will post $1.97 EPS for the current fiscal year.
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A number of research analysts have weighed in on the stock. BidaskClub raised shares of XPO Logistics from a “buy” rating to a “strong-buy” rating in a report on Friday. Deutsche Bank AG reaffirmed a “buy” rating and issued a $75.00 price objective on shares of XPO Logistics in a report on Monday, June 5th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $63.00 price objective (up previously from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Morgan Stanley lifted their price objective on shares of XPO Logistics from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, May 8th. Finally, Credit Suisse Group lifted their price objective on shares of XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $61.14.
XPO Logistics Company 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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