BTC Capital Management Inc. lowered its stake in shares of XPO Logistics Inc (NYSE:XPO) by 5.2% in the second quarter, HoldingsChannel.com reports. The firm owned 47,483 shares of the transportation company’s stock after selling 2,604 shares during the period. BTC Capital Management Inc.’s holdings in XPO Logistics were worth $4,761,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of XPO. Principal Financial Group Inc. boosted its position in XPO Logistics by 10.8% in the 1st quarter. Principal Financial Group Inc. now owns 14,572 shares of the transportation company’s stock valued at $1,484,000 after buying an additional 1,424 shares during the period. Kendall Capital Management boosted its position in XPO Logistics by 58.5% in the 2nd quarter. Kendall Capital Management now owns 5,595 shares of the transportation company’s stock valued at $561,000 after buying an additional 2,065 shares during the period. United Services Automobile Association boosted its position in XPO Logistics by 34.3% in the 2nd quarter. United Services Automobile Association now owns 21,321 shares of the transportation company’s stock valued at $2,136,000 after buying an additional 5,449 shares during the period. Marietta Investment Partners LLC boosted its position in XPO Logistics by 534.6% in the 2nd quarter. Marietta Investment Partners LLC now owns 28,418 shares of the transportation company’s stock valued at $2,847,000 after buying an additional 23,940 shares during the period. Finally, Creative Planning boosted its position in XPO Logistics by 11.0% in the 2nd quarter. Creative Planning now owns 10,612 shares of the transportation company’s stock valued at $1,063,000 after buying an additional 1,052 shares during the period. 92.90% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on XPO. Stifel Nicolaus raised their price target on shares of XPO Logistics from $118.00 to $126.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. Bank of America decreased their price target on shares of XPO Logistics from $117.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. R. F. Lafferty began coverage on shares of XPO Logistics in a research report on Tuesday, July 10th. They issued a “buy” rating and a $125.00 price target for the company. Cowen raised their price target on shares of XPO Logistics from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 24th. Finally, Deutsche Bank reissued a “buy” rating and issued a $142.00 price target (up previously from $133.00) on shares of XPO Logistics in a research report on Thursday, August 2nd. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $110.09.

Shares of XPO opened at $114.53 on Monday. XPO Logistics Inc has a twelve month low of $59.30 and a twelve month high of $115.49. The firm has a market capitalization of $14.06 billion, a PE ratio of 58.73, a PEG ratio of 0.83 and a beta of 2.27. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.07.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.01. XPO Logistics had a net margin of 2.84% and a return on equity of 9.12%. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the business earned $0.60 EPS. The company’s revenue was up 16.0% on a year-over-year basis. equities analysts expect that XPO Logistics Inc will post 3.49 EPS for the current year.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.

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

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