PNC Financial Services Group Inc. increased its position in XPO Logistics Inc. (NYSE:XPO) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 6,613 shares of the company’s stock after buying an additional 363 shares during the period. PNC Financial Services Group Inc.’s holdings in XPO Logistics were worth $175,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of XPO. BNP Paribas Arbitrage SA bought a new stake in shares of XPO Logistics during the second quarter worth approximately $102,000. DekaBank Deutsche Girozentrale increased its stake in shares of XPO Logistics by 7.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,300 shares of the company’s stock worth $109,000 after buying an additional 300 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of XPO Logistics by 12.5% in the first quarter. Loomis Sayles & Co. L P now owns 4,447 shares of the company’s stock worth $137,000 after buying an additional 493 shares during the last quarter. M&T Bank Corp bought a new stake in shares of XPO Logistics during the first quarter worth approximately $263,000. Finally, Strs Ohio increased its stake in shares of XPO Logistics by 90.5% in the second quarter. Strs Ohio now owns 12,000 shares of the company’s stock worth $315,000 after buying an additional 5,700 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.
XPO Logistics Inc. (NYSE:XPO) traded down 0.915% during midday trading on Friday, reaching $36.285. 184,975 shares of the company traded hands. The firm’s 50 day moving average price is $35.64 and its 200 day moving average price is $30.90. XPO Logistics Inc. has a 12 month low of $18.04 and a 12 month high of $37.94. The firm’s market capitalization is $4.00 billion.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.20 by $0.15. The firm had revenue of $3.68 billion for the quarter. XPO Logistics had a negative net margin of 1.01% and a positive return on equity of 0.14%. The business’s revenue was up 202.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.16) EPS. On average, analysts expect that XPO Logistics Inc. will post $0.97 earnings per share for the current year.
A number of equities analysts have issued reports on XPO shares. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, June 30th. Deutsche Bank AG reiterated a “buy” rating on shares of XPO Logistics in a research report on Wednesday, June 22nd. Stifel Nicolaus increased their price target on XPO Logistics from $35.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Oppenheimer Holdings Inc. increased their price target on XPO Logistics from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 9th. Finally, Cowen and Company increased their price target on XPO Logistics from $26.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. XPO Logistics currently has a consensus rating of “Buy” and a consensus price target of $42.20.
In other XPO Logistics news, major shareholder Private Ltd Gic sold 310,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $36.75, for a total value of $11,392,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Sector Pension Investme Public sold 4,000,000 shares of the firm’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $26.20, for a total transaction of $104,800,000.00. Following the completion of the sale, the insider now owns 9,637,746 shares in the company, valued at $252,508,945.20. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by corporate 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.
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