Advisors Capital Management LLC decreased its stake in XPO Logistics, Inc. (NYSE:XPO) by 72.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 42,130 shares of the transportation company’s stock after selling 111,939 shares during the period. Advisors Capital Management LLC’s holdings in XPO Logistics were worth $2,723,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. BTC Capital Management Inc. purchased a new stake in XPO Logistics during the first quarter valued at $1,793,000. Russell Investments Group Ltd. boosted its stake in XPO Logistics by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 61,283 shares of the transportation company’s stock valued at $2,934,000 after buying an additional 6,465 shares during the period. Rice Hall James & Associates LLC purchased a new stake in XPO Logistics during the first quarter valued at $1,581,000. Winslow Evans & Crocker Inc. purchased a new stake in XPO Logistics during the first quarter valued at $232,000. Finally, Bank of Montreal Can boosted its stake in 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 period. Institutional investors own 93.09% of the company’s stock.
XPO Logistics, Inc. (NYSE:XPO) traded up 1.35% during trading on Friday, hitting $60.09. 2,053,987 shares of the stock traded hands. The company has a market cap of $6.71 billion, a P/E ratio of 70.86 and a beta of 2.32. The firm has a 50-day moving average price of $61.97 and a 200 day moving average price of $52.49. XPO Logistics, Inc. has a 52-week low of $27.93 and a 52-week high of $65.44.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.14. XPO Logistics had a net margin of 0.76% and a return on equity of 5.63%. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.55 billion. On average, equities analysts expect that XPO Logistics, Inc. will post $1.94 EPS for the current year.
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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Friday, July 7th. Stifel Nicolaus restated a “buy” rating and issued a $78.00 price target (up from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. Oppenheimer Holdings, Inc. raised their price target on shares of XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. BidaskClub upgraded shares of XPO Logistics from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Finally, KeyCorp raised their price target on shares of XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $65.69.
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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