Zevenbergen Capital Investments LLC Sells 59,369 Shares of XPO Logistics, Inc. (NYSE:XPO)

Zevenbergen Capital Investments LLC trimmed its position in shares of XPO Logistics, Inc. (NYSE:XPO) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,846,891 shares of the transportation company’s stock after selling 59,369 shares during the quarter. XPO Logistics accounts for 5.4% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its 4th largest position. Zevenbergen Capital Investments LLC owned approximately 1.54% of XPO Logistics worth $125,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IHT Wealth Management LLC acquired a new position in shares of XPO Logistics during the 2nd quarter worth about $1,147,000. Teacher Retirement System of Texas grew its stake in XPO Logistics by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 8,912 shares of the transportation company’s stock valued at $576,000 after buying an additional 161 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in XPO Logistics by 1.6% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock valued at $704,000 after buying an additional 179 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in XPO Logistics by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock valued at $274,000 after buying an additional 373 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in XPO Logistics by 18.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after buying an additional 466 shares during the last quarter.

XPO Logistics, Inc. (XPO) traded up $0.05 on Wednesday, hitting $76.38. 1,046,400 shares of the stock traded hands, compared to its average volume of 1,505,453. The firm has a market capitalization of $9,150.69, a PE ratio of 44.12, a PEG ratio of 1.10 and a beta of 2.52. XPO Logistics, Inc. has a 52 week low of $42.07 and a 52 week high of $80.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23.

XPO Logistics (NYSE:XPO) last issued 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 business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. XPO Logistics’s revenue was up 4.7% on a year-over-year basis. equities research analysts anticipate that XPO Logistics, Inc. will post 1.92 EPS for the current fiscal year.

XPO has been the subject of a number of recent research reports. KeyCorp reissued a “buy” rating and issued a $75.00 price objective on shares of XPO Logistics in a report on Thursday, October 12th. Oppenheimer reaffirmed a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a report on Thursday, October 12th. Stifel Nicolaus upped their price target on shares of XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Deutsche Bank reaffirmed a “buy” rating and set a $110.00 price target on shares of XPO Logistics in a report on Friday, November 3rd. Finally, Cowen reaffirmed 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, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $77.59.

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About XPO Logistics

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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