First Mercantile Trust Co. reduced its position in XPO Logistics, Inc. (NYSE:XPO) by 36.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,420 shares of the transportation company’s stock after selling 15,480 shares during the period. First Mercantile Trust Co.’s holdings in XPO Logistics were worth $1,707,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Teachers Advisors LLC increased its stake in XPO Logistics by 16.1% in the fourth quarter. Teachers Advisors LLC now owns 197,662 shares of the transportation company’s stock worth $8,531,000 after buying an additional 27,360 shares in the last quarter. Bank of Montreal Can increased its stake in XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares in the last quarter. Winslow Evans & Crocker Inc. purchased a new stake in XPO Logistics during the first quarter worth approximately $232,000. Rice Hall James & Associates LLC purchased a new stake in XPO Logistics during the first quarter worth approximately $1,581,000. Finally, Russell Investments Group Ltd. increased its stake in XPO Logistics by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 61,283 shares of the transportation company’s stock worth $2,934,000 after buying an additional 6,465 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

XPO Logistics, Inc. (XPO) opened at 54.99 on Friday. The stock’s 50 day moving average price is $61.11 and its 200-day moving average price is $53.34. The company has a market cap of $6.48 billion, a PE ratio of 62.99 and a beta of 2.31. XPO Logistics, Inc. has a 1-year low of $31.68 and a 1-year high of $65.44.

XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 earnings per share. On average, analysts forecast that XPO Logistics, Inc. will post $1.92 earnings per share for the current year.

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A number of equities research analysts recently commented on XPO shares. Vertical Research started coverage on XPO Logistics in a research report on Thursday, April 13th. They issued a “buy” rating and a $60.00 target price on the stock. Stifel Nicolaus upped their price objective on XPO Logistics from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Credit Suisse Group upped their price objective on XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Morgan Stanley upped their price objective on XPO Logistics from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $63.00 price objective (up from $58.00) on shares of XPO Logistics in a research report on Friday, May 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $66.73.

XPO Logistics Company Profile

XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.

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

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