XPO Logistics, Inc. (XPO) Shares Sold by Strs Ohio
Strs Ohio lowered its position in XPO Logistics, Inc. (NYSE:XPO) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 17,000 shares of the transportation company’s stock after selling 100 shares during the period. Strs Ohio’s holdings in XPO Logistics were worth $1,098,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in XPO Logistics by 7.8% in the first quarter. Vanguard Group Inc. now owns 8,432,238 shares of the transportation company’s stock worth $403,820,000 after buying an additional 606,812 shares during the period. BlackRock Inc. raised its stake in XPO Logistics by 24,470.3% in the first quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after buying an additional 5,991,806 shares during the period. FMR LLC raised its stake in XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after buying an additional 319,056 shares during the period. Clearbridge Investments LLC raised its stake in XPO Logistics by 38.5% in the first quarter. Clearbridge Investments LLC now owns 1,432,620 shares of the transportation company’s stock worth $68,608,000 after buying an additional 398,346 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in XPO Logistics by 1.5% in the first quarter. Ameriprise Financial Inc. now owns 823,811 shares of the transportation company’s stock worth $39,452,000 after buying an additional 12,026 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.
XPO Logistics, Inc. (NYSE XPO) opened at 57.39 on Tuesday. XPO Logistics, Inc. has a 1-year low of $31.68 and a 1-year high of $65.44. The firm has a market cap of $6.76 billion, a P/E ratio of 65.74 and a beta of 2.31. The stock has a 50 day moving average price of $60.81 and a 200-day moving average price of $53.62.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. XPO Logistics’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that XPO Logistics, Inc. will post $1.91 EPS for the current year.
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A number of research analysts have commented on XPO shares. Morgan Stanley increased their price objective on XPO Logistics from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Deutsche Bank AG reiterated a “buy” rating and issued a $75.00 price objective on shares of XPO Logistics in a research report on Monday, June 5th. Stifel Nicolaus increased their price objective on XPO Logistics from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 15th. William Blair reiterated an “outperform” rating on shares of XPO Logistics in a research report on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. increased their price objective on XPO Logistics from $63.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. XPO Logistics currently has an average rating of “Buy” and an average target price 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.
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