XPO Logistics, Inc. (XPO) Position Reduced by Macquarie Group Ltd.
Macquarie Group Ltd. lessened its stake in XPO Logistics, Inc. (NYSE:XPO) by 14.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 600,045 shares of the transportation company’s stock after selling 103,193 shares during the quarter. Macquarie Group Ltd. owned about 0.51% of XPO Logistics worth $38,781,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XPO. Russell Investments Group Ltd. increased its holdings in XPO Logistics by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 61,283 shares of the transportation company’s stock valued at $2,934,000 after purchasing an additional 6,465 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in XPO Logistics by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 461,618 shares of the transportation company’s stock valued at $22,107,000 after purchasing an additional 20,200 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in XPO Logistics by 34.8% in the first quarter. UBS Asset Management Americas Inc. now owns 57,494 shares of the transportation company’s stock valued at $2,753,000 after purchasing an additional 14,855 shares during the last quarter. Karp Capital Management Corp bought a new stake in XPO Logistics in the first quarter valued at about $474,000. Finally, Parametric Portfolio Associates LLC increased its holdings in XPO Logistics by 63.4% in the first quarter. Parametric Portfolio Associates LLC now owns 166,937 shares of the transportation company’s stock valued at $7,995,000 after purchasing an additional 64,795 shares during the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
Shares of XPO Logistics, Inc. (NYSE XPO) opened at 66.99 on Friday. The company has a market capitalization of $7.89 billion, a P/E ratio of 76.74 and a beta of 2.37. XPO Logistics, Inc. has a one year low of $31.68 and a one year high of $68.15. The firm has a 50 day moving average price of $61.97 and a 200 day moving average price of $57.02.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company posted $0.42 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that XPO Logistics, Inc. will post $1.91 EPS for the current fiscal year.
XPO has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 price objective (down previously from $78.00) on shares of XPO Logistics in a report on Friday, July 21st. Cowen and Company reiterated a “buy” rating and issued a $69.00 price objective on shares of XPO Logistics in a report on Thursday, September 7th. Zacks Investment Research downgraded XPO Logistics from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Morgan Stanley upped their price objective on XPO Logistics from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Finally, KeyCorp upped their price objective on XPO Logistics from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. XPO Logistics has an average rating of “Buy” and a consensus price target of $68.67.
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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