SG Americas Securities LLC cut its holdings in shares of XPO Logistics, Inc. (NYSE:XPO) by 43.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,754 shares of the transportation company’s stock after selling 6,832 shares during the quarter. SG Americas Securities LLC’s holdings in XPO Logistics were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in XPO Logistics by 461.3% during the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the period. Advisors Asset Management Inc. lifted its position in XPO Logistics by 63.5% during the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after buying an additional 981 shares during the period. Bank of Montreal Can lifted its position in XPO Logistics by 8.8% during the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares during the period. Alambic Investment Management L.P. purchased a new position in XPO Logistics during the first quarter worth about $200,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in XPO Logistics during the first quarter worth about $210,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Several brokerages have commented on XPO. Cowen and Company restated a “buy” rating and set a $69.00 price target on shares of XPO Logistics in a research note on Thursday. Stifel Nicolaus set a $77.00 price target on XPO Logistics and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. William Blair restated an “outperform” rating on shares of XPO Logistics in a research note on Monday, August 7th. BidaskClub lowered XPO Logistics from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Morgan Stanley restated an “overweight” rating and set a $75.00 price target (up from $60.00) on shares of XPO Logistics in a research note on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $67.33.

Shares of XPO Logistics, Inc. (NYSE:XPO) opened at 61.27 on Friday. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 70.18 and a beta of 2.28. XPO Logistics, Inc. has a 1-year low of $31.68 and a 1-year high of $65.44. The stock has a 50 day moving average price of $58.71 and a 200-day moving average price of $55.06.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that XPO Logistics, Inc. will post $1.92 earnings per share for the current fiscal year.

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

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