Cannell Peter B & Co. Inc. decreased its stake in XPO Logistics, Inc. (NYSE:XPO) by 26.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 26,575 shares of the transportation company’s stock after selling 9,350 shares during the period. Cannell Peter B & Co. Inc.’s holdings in XPO Logistics were worth $1,718,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of XPO. Envestnet Asset Management Inc. boosted its position in shares of XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock valued at $116,000 after buying an additional 1,993 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock valued at $121,000 after buying an additional 981 shares during the last quarter. Bank of Montreal Can boosted its position in shares of XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after buying an additional 241 shares during the last quarter. Alambic Investment Management L.P. bought a new position in shares of XPO Logistics during the first quarter valued at approximately $200,000. Finally, Gofen & Glossberg LLC IL bought a new position in shares of XPO Logistics during the first quarter valued at approximately $210,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

XPO Logistics, Inc. (NYSE XPO) opened at 61.93 on Friday. The company has a market cap of $7.30 billion, a PE ratio of 70.94 and a beta of 2.28. The firm has a 50-day moving average of $58.83 and a 200-day moving average of $54.74. XPO Logistics, Inc. has a one year low of $31.68 and a one year high of $65.44.

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

TRADEMARK VIOLATION NOTICE: “XPO Logistics, Inc. (XPO) Shares Sold by Cannell Peter B & Co. Inc.” was posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/xpo-logistics-inc-xpo-shares-sold-by-cannell-peter-b-co-inc/1538074.html.

XPO has been the topic of several research analyst reports. Bank of America Corporation initiated coverage on shares of XPO Logistics in a research report on Wednesday, June 28th. They set a “buy” rating and a $72.00 price target on the stock. Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Friday, July 7th. Stifel Nicolaus increased their price target on shares of XPO Logistics from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Deutsche Bank AG reaffirmed a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a research report on Monday, June 5th. Finally, BidaskClub cut shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. XPO Logistics presently has a consensus rating of “Buy” and a consensus price target of $66.73.

XPO Logistics Company Profile

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.

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

Receive News & Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.