Cannell Peter B & Co. Inc. Reduces Holdings in XPO Logistics, Inc. (XPO)

Cannell Peter B & Co. Inc. lessened its stake in shares of XPO Logistics, Inc. (NYSE:XPO) by 11.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,425 shares of the transportation company’s stock after selling 3,150 shares during the quarter. Cannell Peter B & Co. Inc.’s holdings in XPO Logistics were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. American Century Companies Inc. lifted its holdings in shares of XPO Logistics by 94.6% during the third quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock valued at $208,090,000 after purchasing an additional 1,492,525 shares during the last quarter. FMR LLC raised its position in XPO Logistics by 73.3% during the second quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock valued at $187,026,000 after buying an additional 1,223,543 shares during the period. Vanguard Group Inc. increased its position in XPO Logistics by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock worth $591,414,000 after purchasing an additional 718,511 shares during the last quarter. Victory Capital Management Inc. increased its position in XPO Logistics by 37.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock worth $149,485,000 after purchasing an additional 603,866 shares during the last quarter. Finally, Castleark Management LLC acquired a new position in XPO Logistics in the 2nd quarter worth about $30,551,000.

XPO Logistics, Inc. (NYSE XPO) traded up $0.68 during mid-day trading on Thursday, reaching $76.71. 1,260,898 shares of the company’s stock traded hands, compared to its average volume of 1,502,388. XPO Logistics, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $80.10. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $9,156.69, a price-to-earnings ratio of 44.15, a P/E/G ratio of 1.10 and a beta of 2.52.

XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was up 4.7% on a year-over-year basis. research analysts anticipate that XPO Logistics, Inc. will post 1.92 EPS for the current fiscal year.

Several equities analysts recently commented on the company. CIBC cut their target price on XPO Logistics from $77.00 to $75.00 and set an “outperform” rating for the company in a research report on Monday, November 20th. Oppenheimer lifted their target price on XPO Logistics from $77.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 20th. Wells Fargo & Company lifted their target price on XPO Logistics to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Stifel Nicolaus boosted their price target on XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $110.00 target price on shares of XPO Logistics in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. XPO Logistics presently has an average rating of “Buy” and an average price target of $77.59.

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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.

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

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