XPO Logistics Inc. (XPO) Shares Up 3.3%
Shares of XPO Logistics Inc. (NYSE:XPO) shot up 3.3% during mid-day trading on Monday . The company traded as high as $26.24 and last traded at $26.16, with a volume of 1,534,449 shares. The stock had previously closed at $25.32.
A number of brokerages have recently issued reports on XPO. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of XPO Logistics in a report on Wednesday, May 4th. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, May 11th. Buckingham Research began coverage on XPO Logistics in a research report on Tuesday, May 17th. They set a “buy” rating and a $38.00 price target on the stock. Wells Fargo & Co. began coverage on XPO Logistics in a research report on Tuesday, May 10th. They set a “buy” rating on the stock. Finally, Deutsche Bank AG reissued a “buy” rating on shares of XPO Logistics in a research report on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $40.50.
The firm’s market capitalization is $2.95 billion. The stock has a 50-day moving average of $27.13 and a 200-day moving average of $26.93.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.09. The firm earned $3.55 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the business posted ($0.13) EPS. XPO Logistics’s revenue was up 404.4% compared to the same quarter last year. Equities analysts expect that XPO Logistics Inc. will post $0.75 EPS for the current year.
In related 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 stock was sold at an average price of $26.20, for a total transaction of $104,800,000.00. Following the completion of the transaction, the insider now owns 9,637,746 shares in the company, valued at approximately $252,508,945.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Other large investors have added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its stake in XPO Logistics by 2.0% in the fourth quarter. Nationwide Fund Advisors now owns 47,069 shares of the company’s stock worth $1,283,000 after buying an additional 924 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in XPO Logistics by 3.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 46,535 shares of the company’s stock worth $1,268,000 after buying an additional 1,495 shares in the last quarter. California State Teachers Retirement System boosted its stake in XPO Logistics by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 132,497 shares of the company’s stock worth $3,611,000 after buying an additional 2,070 shares in the last quarter. Rhumbline Advisers boosted its stake in XPO Logistics by 6.7% in the fourth quarter. Rhumbline Advisers now owns 77,478 shares of the company’s stock worth $2,111,000 after buying an additional 4,860 shares in the last quarter. Finally, Swiss National Bank boosted its stake in XPO Logistics by 20.8% in the fourth quarter. Swiss National Bank now owns 126,214 shares of the company’s stock worth $3,439,000 after buying an additional 21,750 shares in the last quarter.
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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