Teachers Advisors LLC Has $11.65 Million Holdings in XPO Logistics, Inc. (XPO)
Teachers Advisors LLC cut its stake in XPO Logistics, Inc. (NYSE:XPO) by 19.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,293 shares of the transportation company’s stock after selling 42,849 shares during the quarter. Teachers Advisors LLC owned approximately 0.16% of XPO Logistics worth $11,652,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in XPO. Vanguard Group Inc. boosted its position in XPO Logistics by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 8,432,238 shares of the transportation company’s stock worth $403,820,000 after purchasing an additional 606,812 shares in the last quarter. BlackRock Inc. grew its stake in shares of XPO Logistics by 24,470.3% during the 1st quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after purchasing an additional 5,991,806 shares during the period. FMR LLC grew its stake in shares of XPO Logistics by 23.6% during the 1st quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after purchasing an additional 319,056 shares during the period. Victory Capital Management Inc. grew its stake in shares of XPO Logistics by 43.4% during the 2nd quarter. Victory Capital Management Inc. now owns 1,601,569 shares of the transportation company’s stock worth $103,509,000 after purchasing an additional 485,053 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of XPO Logistics by 719.7% during the 2nd quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock worth $101,957,000 after purchasing an additional 1,385,098 shares during the period. 89.54% of the stock is owned by institutional investors.
XPO has been the subject of several recent research reports. Credit Suisse Group lifted their target price on shares of XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a report on Friday. Cowen and Company reissued a “buy” rating and set a $69.00 price target on shares of XPO Logistics in a report on Thursday, September 7th. Stifel Nicolaus set a $77.00 price target on shares of XPO Logistics and gave the stock a “buy” rating in a report on Wednesday, August 23rd. William Blair restated an “outperform” rating on shares of XPO Logistics in a research report on Monday, August 7th. Finally, BidaskClub lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. XPO Logistics presently has a consensus rating of “Buy” and an average target price of $68.00.
XPO Logistics, Inc. (XPO) opened at 67.78 on Monday. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 77.64 and a beta of 2.37. The company has a 50-day moving average of $58.87 and a 200-day moving average of $55.67. XPO Logistics, Inc. has a 52 week low of $31.68 and a 52 week high of $68.15.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting the Zacks’ 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 for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. XPO Logistics’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts anticipate that XPO Logistics, Inc. will post $1.91 earnings per share for the current 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.
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