XPO Logistics, Inc. (XPO) Shares Sold by Gotham Asset Management LLC
Gotham Asset Management LLC reduced its holdings in shares of XPO Logistics, Inc. (NYSE:XPO) by 54.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 291,005 shares of the transportation company’s stock after selling 345,802 shares during the quarter. Gotham Asset Management LLC owned approximately 0.25% of XPO Logistics worth $18,808,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. boosted 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 acquiring an additional 1,385,098 shares during the period. DSAM Partners London Ltd bought a new position in shares of XPO Logistics during the 2nd quarter worth approximately $15,913,000. FMR LLC boosted 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 acquiring an additional 319,056 shares during the period. Cipher Capital LP boosted its stake in shares of XPO Logistics by 10.1% during the 2nd quarter. Cipher Capital LP now owns 31,180 shares of the transportation company’s stock worth $2,015,000 after acquiring an additional 2,858 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of XPO Logistics by 111.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 130,821 shares of the transportation company’s stock worth $8,455,000 after acquiring an additional 68,854 shares during the period. Institutional investors own 89.54% of the company’s stock.
Shares of XPO Logistics, Inc. (XPO) traded up 0.21% during trading on Friday, reaching $66.36. The company’s stock had a trading volume of 181,873 shares. The stock has a market cap of $7.82 billion, a P/E ratio of 76.01 and a beta of 2.37. The stock has a 50-day moving average of $61.64 and a 200-day moving average of $56.89. 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, meeting the consensus estimate of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company earned $0.42 earnings per share. XPO Logistics’s revenue was up 2.1% compared to the same quarter last year. Analysts predict that XPO Logistics, Inc. will post $1.91 earnings per share for the current fiscal year.
Several research analysts have recently commented on XPO shares. Bank of America Corporation started coverage on XPO Logistics in a research note on Wednesday, June 28th. They set a “buy” rating and a $72.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $78.00 price target (up from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Friday, July 7th. BidaskClub cut XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, 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. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $68.67.
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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.
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