CX Institutional Trims Stock Holdings in XPO Logistics Inc (NYSE:XPO)

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CX Institutional lowered its holdings in XPO Logistics Inc (NYSE:XPO) by 54.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,200 shares of the transportation company’s stock after selling 1,421 shares during the period. CX Institutional’s holdings in XPO Logistics were worth $86,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Meridian Wealth Management LLC bought a new position in XPO Logistics during the 1st quarter worth approximately $34,000. Steward Partners Investment Advisory LLC bought a new position in XPO Logistics during the 2nd quarter worth approximately $74,000. AdvisorNet Financial Inc lifted its holdings in XPO Logistics by 54.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,451 shares of the transportation company’s stock worth $84,000 after buying an additional 514 shares during the last quarter. MUFG Americas Holdings Corp bought a new position in XPO Logistics during the 2nd quarter worth approximately $98,000. Finally, Parallel Advisors LLC lifted its holdings in XPO Logistics by 30.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,834 shares of the transportation company’s stock worth $106,000 after buying an additional 432 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on XPO shares. Raymond James reaffirmed an “outperform” rating and set a $78.00 target price (up previously from $68.00) on shares of XPO Logistics in a report on Monday, August 5th. Jefferies Financial Group increased their target price on XPO Logistics from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, August 5th. They noted that the move was a valuation call. Goldman Sachs Group started coverage on XPO Logistics in a report on Wednesday, July 10th. They set a “neutral” rating and a $65.00 target price on the stock. TheStreet raised XPO Logistics from a “c+” rating to a “b” rating in a report on Friday, August 2nd. Finally, Credit Suisse Group increased their target price on XPO Logistics from $73.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $83.17.

In related news, Director Jason D. Papastavrou purchased 1,375 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of $75.42 per share, with a total value of $103,702.50. Following the acquisition, the director now owns 13,875 shares in the company, valued at approximately $1,046,452.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 18.70% of the company’s stock.

Shares of NYSE XPO opened at $74.04 on Friday. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 0.58 and a beta of 2.48. XPO Logistics Inc has a 12-month low of $41.05 and a 12-month high of $103.80. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.35. The stock’s 50 day simple moving average is $70.92 and its 200 day simple moving average is $62.88.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.24. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.37 billion. XPO Logistics had a return on equity of 11.92% and a net margin of 2.16%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. As a group, equities analysts forecast that XPO Logistics Inc will post 3.82 earnings per share for the current fiscal year.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; logistics services for domestic, cross-border, and international shipments; and managed transportation services.

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Institutional Ownership by Quarter for XPO Logistics (NYSE:XPO)

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