Investors Sell Shares of XPO Logistics Inc. (XPO) on Strength (XPO)
Investors sold shares of XPO Logistics Inc. (NYSE:XPO) on strength during trading hours 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
A number of brokerages recently weighed in on XPO. Deutsche Bank AG lifted their price objective on shares of XPO Logistics from $37.00 to $42.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of XPO Logistics from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Friday. Stifel Nicolaus lifted their price objective on shares of XPO Logistics from $35.00 to $50.00 and gave the company a “buy” rating in a report on Friday. Cowen and Company lifted their price objective on shares of XPO Logistics from $26.00 to $38.00 and gave the company an “outperform” rating in a report on Friday. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating on shares of XPO Logistics in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $42.46.
The company’s market capitalization is $4.05 billion. The firm has a 50 day moving average of $27.49 and a 200 day moving average of $27.46.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.15. During the same quarter in the prior year, the firm posted ($0.16) EPS. The company had revenue of $3.68 billion for the quarter. XPO Logistics’s revenue for the quarter was up 202.9% on a year-over-year basis. Analysts expect that XPO Logistics Inc. will post $0.94 earnings per share for the current fiscal 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 shares were sold at an average price of $26.20, for a total value of $104,800,000.00. Following the transaction, the insider now owns 9,637,746 shares in the company, valued at $252,508,945.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of hedge funds have recently modified their holdings of XPO. Oakmont Corp purchased a new stake in shares of XPO Logistics during the fourth quarter valued at about $16,888,000. Rhumbline Advisers increased its stake in shares of XPO Logistics by 6.7% in the fourth quarter. Rhumbline Advisers now owns 77,478 shares of the company’s stock valued at $2,111,000 after buying an additional 4,860 shares during the period. Nationwide Fund Advisors increased its stake in shares of XPO Logistics by 2.0% in the fourth quarter. Nationwide Fund Advisors now owns 47,069 shares of the company’s stock valued at $1,283,000 after buying an additional 924 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of 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 valued at $1,268,000 after buying an additional 1,495 shares during the period.
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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