Allianz Asset Management GmbH lowered its holdings in XPO Logistics Inc (NYSE:XPO) by 25.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,993 shares of the transportation company’s stock after selling 53,414 shares during the period. Allianz Asset Management GmbH’s holdings in XPO Logistics were worth $17,924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in XPO. Voya Investment Management LLC grew its stake in shares of XPO Logistics by 87.8% in the 2nd quarter. Voya Investment Management LLC now owns 2,067,804 shares of the transportation company’s stock worth $207,153,000 after purchasing an additional 966,927 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of XPO Logistics by 1,019.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 894,315 shares of the transportation company’s stock worth $89,593,000 after purchasing an additional 814,403 shares during the last quarter. BlackRock Inc. grew its stake in shares of XPO Logistics by 14.9% in the 2nd quarter. BlackRock Inc. now owns 5,831,257 shares of the transportation company’s stock worth $584,174,000 after purchasing an additional 758,293 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of XPO Logistics by 425.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 649,600 shares of the transportation company’s stock worth $65,077,000 after purchasing an additional 525,900 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of XPO Logistics by 23.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,667,703 shares of the transportation company’s stock worth $304,571,000 after purchasing an additional 508,479 shares during the last quarter. 94.08% of the stock is currently owned by institutional investors.

XPO has been the topic of several recent research reports. ValuEngine cut shares of XPO Logistics from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley lifted their price objective on shares of XPO Logistics from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, November 5th. KeyCorp lowered their price objective on shares of XPO Logistics from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Jefferies Financial Group initiated coverage on shares of XPO Logistics in a research note on Wednesday, October 3rd. They issued a “buy” rating and a $145.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of XPO Logistics from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $117.40.

XPO Logistics stock opened at $66.46 on Friday. The company has a market capitalization of $9.13 billion, a PE ratio of 34.08, a PEG ratio of 0.57 and a beta of 2.49. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. XPO Logistics Inc has a fifty-two week low of $66.09 and a fifty-two week high of $116.27.

XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, October 31st. The transportation company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.09). The firm had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.40 billion. XPO Logistics had a return on equity of 9.70% and a net margin of 3.04%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share. On average, equities research analysts predict that XPO Logistics Inc will post 3.33 earnings per share for the current fiscal year.

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XPO Logistics Profile

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.

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

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