BNP Paribas Arbitrage SA bought a new stake in XPO Logistics Inc. (NYSE:XPO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,868 shares of the company’s stock, valued at approximately $102,000.
Other institutional investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P boosted its position in XPO Logistics by 12.5% in the first quarter. Loomis Sayles & Co. L P now owns 4,447 shares of the company’s stock valued at $137,000 after buying an additional 493 shares during the last quarter. M&T Bank Corp acquired a new position in XPO Logistics during the first quarter valued at about $263,000. Fairfield Bush & CO. boosted its position in XPO Logistics by 13.3% in the first quarter. Fairfield Bush & CO. now owns 11,700 shares of the company’s stock valued at $359,000 after buying an additional 1,375 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in XPO Logistics by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 39,022 shares of the company’s stock valued at $1,198,000 after buying an additional 692 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in XPO Logistics by 46.5% in the first quarter. BlackRock Group LTD now owns 62,816 shares of the company’s stock valued at $1,928,000 after buying an additional 19,943 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.
Shares of XPO Logistics Inc. (NYSE:XPO) traded up 1.10% on Friday, hitting $36.67. The company’s stock had a trading volume of 1,179,472 shares. The stock’s 50 day moving average is $35.58 and its 200-day moving average is $30.71. The company’s market cap is $4.04 billion. XPO Logistics Inc. has a 52 week low of $18.04 and a 52 week high of $37.94.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15. XPO Logistics had a negative net margin of 1.01% and a positive return on equity of 0.14%. The company had revenue of $3.68 billion for the quarter. During the same quarter in the previous year, the business posted ($0.16) EPS. XPO Logistics’s revenue for the quarter was up 202.9% compared to the same quarter last year. On average, equities research analysts anticipate that XPO Logistics Inc. will post $0.98 earnings per share for the current year.
XPO has been the topic of several recent analyst reports. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, June 30th. Deutsche Bank AG reissued a “buy” rating on shares of XPO Logistics in a research note on Wednesday, June 22nd. Stifel Nicolaus boosted their price target on XPO Logistics from $35.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Oppenheimer Holdings Inc. boosted their price target on XPO Logistics from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. Finally, Cowen and Company boosted their price target on XPO Logistics from $26.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $42.20.
In other XPO Logistics news, major shareholder Sector Pension Investme Public sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $26.20, for a total value of $104,800,000.00. Following the sale, the insider now owns 9,637,746 shares in the company, valued at $252,508,945.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Private Ltd Gic sold 550,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $36.82, for a total transaction of $20,251,000.00. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by company insiders.
XPO Logistics Company Profile
XPO Logistics, Inc is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods.
Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO Logistics Inc. (NYSE:XPO).
Receive News & Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.