BlackRock Institutional Trust Company N.A. reduced its stake in shares of XPO Logistics, Inc. (NYSE:XPO) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,233,727 shares of the company’s stock after selling 91,514 shares during the period. BlackRock Institutional Trust Company N.A.’s holdings in XPO Logistics were worth $81,911,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Douglas Lane & Associates LLC increased its position in shares of XPO Logistics by 5.8% in the second quarter. Douglas Lane & Associates LLC now owns 1,213,996 shares of the company’s stock valued at $31,880,000 after buying an additional 67,090 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of XPO Logistics by 2.9% in the third quarter. UBS Asset Management Americas Inc. now owns 73,141 shares of the company’s stock valued at $2,682,000 after buying an additional 2,046 shares during the period. Victory Capital Management Inc. increased its position in shares of XPO Logistics by 166.9% in the third quarter. Victory Capital Management Inc. now owns 1,066,062 shares of the company’s stock valued at $39,092,000 after buying an additional 666,638 shares during the period. BlackRock Fund Advisors increased its position in shares of XPO Logistics by 8.0% in the third quarter. BlackRock Fund Advisors now owns 2,544,538 shares of the company’s stock valued at $93,308,000 after buying an additional 189,064 shares during the period. Finally, Mesirow Financial Investment Management Equity Management acquired a new position in shares of XPO Logistics during the third quarter valued at approximately $22,699,000. 91.16% of the stock is currently owned by institutional investors.

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

Shares of XPO Logistics, Inc. (NYSE:XPO) opened at 45.07 on Friday. XPO Logistics, Inc. has a 52 week low of $18.04 and a 52 week high of $49.86. The stock’s market capitalization is $4.99 billion. The company’s 50 day moving average price is $45.04 and its 200-day moving average price is $36.70.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. XPO Logistics had a positive return on equity of 2.28% and a negative net margin of 0.17%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the business posted ($0.15) earnings per share. The firm’s revenue was up 57.2% compared to the same quarter last year. Equities research analysts predict that XPO Logistics, Inc. will post $0.96 EPS for the current year.

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XPO has been the topic of several research analyst reports. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Saturday, October 1st. Citigroup Inc. set a $38.00 price objective on XPO Logistics and gave the company a “buy” rating in a research report on Friday, October 28th. Susquehanna initiated coverage on XPO Logistics in a research report on Tuesday, December 20th. They issued a “positive” rating and a $60.00 price objective on the stock. Deutsche Bank AG reiterated a “top pick” rating and issued a $60.00 target price on shares of XPO Logistics in a report on Monday, November 14th. Finally, Cowen and Company upped their target price on XPO Logistics from $42.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, December 6th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. XPO Logistics has an average rating of “Buy” and a consensus price target of $50.00.

XPO Logistics Company Profile

XPO Logistics, Inc is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods.

5 Day Chart for NYSE:XPO

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