Creative Planning Decreases Stake in XPO Logistics, Inc. (NYSE:XPO)
Creative Planning lowered its stake in XPO Logistics, Inc. (NYSE:XPO) by 25.8% during the second quarter, Holdings Channel reports. The institutional investor owned 2,278 shares of the transportation company’s stock after selling 792 shares during the period. Creative Planning’s holdings in XPO Logistics were worth $147,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock valued at $116,000 after buying an additional 1,993 shares in the last quarter. Advisors Asset Management Inc. increased its position in XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock valued at $121,000 after buying an additional 981 shares in the last quarter. Bank of Montreal Can increased its position 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 valued at $143,000 after buying an additional 241 shares in the last quarter. FTB Advisors Inc. purchased a new position in XPO Logistics during the first quarter valued at about $196,000. Finally, Alambic Investment Management L.P. purchased a new position in XPO Logistics during the first quarter valued at about $200,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.
XPO Logistics, Inc. (XPO) traded up 1.16% during mid-day trading on Friday, hitting $55.63. 1,712,815 shares of the company were exchanged. The company has a market capitalization of $6.55 billion, a P/E ratio of 63.72 and a beta of 2.31. The company’s 50-day moving average is $60.94 and its 200 day moving average is $53.43. XPO Logistics, Inc. has a 12-month low of $31.68 and a 12-month high of $65.44.
XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. XPO Logistics’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. Analysts expect that XPO Logistics, Inc. will post $1.92 EPS for the current year.
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Several research firms have issued reports on XPO. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Friday, July 7th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $63.00 price objective (up previously from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $78.00 price objective (up previously from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. BidaskClub downgraded XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, KeyCorp upped their price objective on XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target 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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