BlackRock Inc. reduced its holdings in shares of XPO Logistics, Inc. (NYSE:XPO) by 2.2% in the second quarter, Holdings Channel reports. The institutional investor owned 9,197,026 shares of the transportation company’s stock after selling 208,128 shares during the period. BlackRock Inc. owned about 0.08% of XPO Logistics worth $1,286,570,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the business. Quadrant Capital Group LLC increased its holdings in XPO Logistics by 41.4% during the first quarter. Quadrant Capital Group LLC now owns 355 shares of the transportation company’s stock valued at $44,000 after buying an additional 104 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of XPO Logistics by 30.8% in the first quarter. Harvest Fund Management Co. Ltd now owns 467 shares of the transportation company’s stock worth $57,000 after purchasing an additional 110 shares during the period. Nicholas Hoffman & Company LLC. boosted its position in shares of XPO Logistics by 5.9% in the second quarter. Nicholas Hoffman & Company LLC. now owns 2,407 shares of the transportation company’s stock worth $337,000 after purchasing an additional 135 shares during the period. Thoroughbred Financial Services LLC boosted its position in shares of XPO Logistics by 5.6% in the second quarter. Thoroughbred Financial Services LLC now owns 3,167 shares of the transportation company’s stock worth $443,000 after purchasing an additional 167 shares during the period. Finally, Aspire Private Capital LLC bought a new position in shares of XPO Logistics in the first quarter worth approximately $25,000. 75.15% of the stock is owned by institutional investors and hedge funds.
In other news, Director Jacobs Private Equity, Llc sold 2,875,000 shares of the stock in a transaction on Thursday, July 1st. The shares were sold at an average price of $133.86, for a total value of $384,847,500.00. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 17.80% of the company’s stock.
XPO Logistics stock opened at $85.48 on Friday. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.63 and a beta of 2.16. The firm’s fifty day moving average is $96.88 and its 200 day moving average is $123.55. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.75. XPO Logistics, Inc. has a 52-week low of $47.33 and a 52-week high of $90.78.
XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, July 28th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.15. XPO Logistics had a net margin of 2.62% and a return on equity of 21.65%. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.86 billion. On average, equities research analysts anticipate that XPO Logistics, Inc. will post 4.11 earnings per share for the current fiscal year.
About XPO Logistics
XPO Logistics, Inc engages in the provision of supply chain solutions. It operates through the following segments: Transportation and Logistics. The Transportation segment includes truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation.
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