XPO Logistics, Inc. (XPO) Shares Bought by BTC Capital Management Inc.
BTC Capital Management Inc. increased its position in shares of XPO Logistics, Inc. (NYSE:XPO) by 21.3% during the second quarter, Holdings Channel reports. The firm owned 45,386 shares of the transportation company’s stock after buying an additional 7,958 shares during the period. BTC Capital Management Inc.’s holdings in XPO Logistics were worth $2,933,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of XPO Logistics by 24,470.3% in the first quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after buying an additional 5,991,806 shares during the period. Vanguard Group Inc. raised its position in shares of XPO Logistics by 7.8% in the first quarter. Vanguard Group Inc. now owns 8,432,238 shares of the transportation company’s stock worth $403,820,000 after buying an additional 606,812 shares during the period. Clearbridge Investments LLC raised its position in shares of XPO Logistics by 38.5% in the first quarter. Clearbridge Investments LLC now owns 1,432,620 shares of the transportation company’s stock worth $68,608,000 after buying an additional 398,346 shares during the period. FMR LLC raised its position in shares of XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after buying an additional 319,056 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of XPO Logistics during the first quarter worth $14,498,000. Institutional investors own 88.06% of the company’s stock.
XPO Logistics, Inc. (NYSE:XPO) opened at 54.99 on Friday. The firm has a 50-day moving average of $61.11 and a 200-day moving average of $53.34. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 62.99 and a beta of 2.31. XPO Logistics, Inc. has a one year low of $31.68 and a one year high of $65.44.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. XPO Logistics’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. Analysts anticipate that XPO Logistics, Inc. will post $1.92 EPS for the current year.
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A number of equities analysts have weighed in on XPO shares. Vertical Research started coverage on shares of XPO Logistics in a report on Thursday, April 13th. They issued a “buy” rating and a $60.00 price target on the stock. CIBC lifted their target price on shares of XPO Logistics from $58.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Stifel Nicolaus restated a “buy” rating and set a $77.00 target price (down previously from $78.00) on shares of XPO Logistics in a report on Friday, July 21st. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $63.00 target price (up previously from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Finally, Credit Suisse Group lifted their target price on shares of XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. XPO Logistics presently 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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