Pictet Asset Management Ltd. decreased its position in XPO Logistics Inc (NYSE:XPO) by 29.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,376 shares of the transportation company’s stock after selling 35,607 shares during the period. Pictet Asset Management Ltd. owned 0.07% of XPO Logistics worth $9,519,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. World Asset Management Inc grew its stake in shares of XPO Logistics by 13.3% in the 3rd quarter. World Asset Management Inc now owns 4,488 shares of the transportation company’s stock valued at $512,000 after buying an additional 526 shares during the period. CIBC Asset Management Inc grew its stake in shares of XPO Logistics by 12.2% in the 2nd quarter. CIBC Asset Management Inc now owns 4,898 shares of the transportation company’s stock valued at $491,000 after buying an additional 532 shares during the period. Flagship Harbor Advisors LLC grew its stake in shares of XPO Logistics by 5.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 11,301 shares of the transportation company’s stock valued at $1,132,000 after buying an additional 593 shares during the period. Fairfield Bush & CO. grew its stake in shares of XPO Logistics by 3.9% in the 2nd quarter. Fairfield Bush & CO. now owns 15,920 shares of the transportation company’s stock valued at $1,595,000 after buying an additional 595 shares during the period. Finally, Macguire Cheswick & Tuttle Investment Counsel LLC grew its stake in shares of XPO Logistics by 0.8% in the 3rd quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 74,250 shares of the transportation company’s stock valued at $8,477,000 after buying an additional 600 shares during the period. 94.08% of the stock is owned by institutional investors and hedge funds.

NYSE:XPO opened at $66.46 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $9.13 billion, a P/E ratio of 34.08, a P/E/G ratio of 0.57 and a beta of 2.49. 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 posted its quarterly earnings data on Wednesday, October 31st. The transportation company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.09). The company had revenue of $4.34 billion for 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 for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. As a group, equities analysts forecast that XPO Logistics Inc will post 3.33 EPS for the current year.

Several research firms have recently weighed in on XPO. ValuEngine cut shares of XPO Logistics from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley increased their price target on shares of XPO Logistics from $125.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, November 5th. Credit Suisse Group dropped their price target on shares of XPO Logistics from $125.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of XPO Logistics from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Finally, KeyCorp dropped their price target on shares of XPO Logistics from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $117.40.

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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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