Nippon Life Global Investors Americas Inc. decreased its stake in shares of XPO Logistics, Inc. (NYSE:XPO) by 12.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 254,210 shares of the transportation company’s stock after selling 35,310 shares during the period. XPO Logistics makes up about 1.4% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 18th largest position. Nippon Life Global Investors Americas Inc.’s holdings in XPO Logistics were worth $16,429,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of XPO. Convergence Investment Partners LLC acquired a new stake in XPO Logistics during the second quarter valued at about $407,000. BTC Capital Management Inc. raised its stake in XPO Logistics by 21.3% in the second quarter. BTC Capital Management Inc. now owns 45,386 shares of the transportation company’s stock valued at $2,933,000 after buying an additional 7,958 shares during the last quarter. Teacher Retirement System of Texas raised its stake in XPO Logistics by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 8,912 shares of the transportation company’s stock valued at $576,000 after buying an additional 161 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in XPO Logistics by 71.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 135,600 shares of the transportation company’s stock valued at $8,781,000 after buying an additional 56,600 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in XPO Logistics by 24.2% in the second quarter. Rice Hall James & Associates LLC now owns 40,984 shares of the transportation company’s stock valued at $2,649,000 after buying an additional 7,975 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

XPO Logistics, Inc. (XPO) opened at 55.63 on Friday. The company has a market capitalization of $6.55 billion, a P/E ratio of 63.72 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. The company has a 50-day moving average of $60.94 and a 200-day moving average of $53.43.

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

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Several analysts have issued reports on the stock. William Blair restated an “outperform” rating on shares of XPO Logistics in a research report on Monday, August 7th. BidaskClub lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Morgan Stanley restated an “overweight” rating and set a $75.00 price target (up from $60.00) on shares of XPO Logistics in a research report on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and set a $77.00 price target (down from $78.00) on shares of XPO Logistics in a research report on Friday, July 21st. Finally, Zacks Investment Research lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. XPO Logistics presently has a consensus rating of “Buy” and a consensus price target of $66.73.

About XPO Logistics

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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