Traders Sell XPO Logistics Inc. (XPO) on Strength (XPO)
Traders sold shares of XPO Logistics Inc. (NYSE:XPO) on strength during trading on Friday. $31.73 million flowed into the stock on the tick-up and $48.02 million flowed out of the stock on the tick-down, for a money net flow of $16.29 million out of the stock. Of all companies tracked, XPO Logistics had the 0th highest net out-flow for the day. XPO Logistics traded up $3.79 for the day and closed at $36.79
XPO has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on XPO Logistics in a research note on Monday, July 11th. They issued an “overweight” rating and a $40.00 price objective on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $38.00 target price (up previously from $33.00) on shares of XPO Logistics in a research report on Thursday, April 14th. Deutsche Bank AG reaffirmed a “buy” rating on shares of XPO Logistics in a research report on Wednesday, June 22nd. Zacks Investment Research cut XPO Logistics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of XPO Logistics in a research report on Monday, April 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company. XPO Logistics has an average rating of “Buy” and an average target price of $42.46.
The stock’s market capitalization is $4.05 billion. The stock has a 50-day moving average price of $27.49 and a 200 day moving average price of $27.46.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. During the same quarter in the prior year, the company earned ($0.16) earnings per share. The company had revenue of $3.68 billion for the quarter. The company’s revenue for the quarter was up 202.9% on a year-over-year basis. Equities research analysts forecast that XPO Logistics Inc. will post $0.88 earnings per share for the current fiscal year.
In other news, major shareholder Sector Pension Investme Public sold 4,000,000 shares of the company’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 sale, the insider now owns 9,637,746 shares of the company’s stock, valued at $252,508,945.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several hedge funds recently bought and sold shares of XPO. State Board of Administration of Florida Retirement System raised 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. Nationwide Fund Advisors raised 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. Rhumbline Advisers raised 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, Oakmont Corp bought a new stake in XPO Logistics during the fourth quarter worth $16,888,000.
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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