XPO Logistics Inc (XPO) Shares Sold by Axa
Axa lessened its holdings in XPO Logistics Inc (NYSE:XPO) by 30.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 252,720 shares of the transportation company’s stock after selling 109,356 shares during the quarter. Axa owned 0.20% of XPO Logistics worth $28,852,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of XPO. Voya Investment Management LLC boosted its holdings in shares of XPO Logistics by 87.8% in the 2nd quarter. Voya Investment Management LLC now owns 2,067,804 shares of the transportation company’s stock valued at $207,153,000 after purchasing an additional 966,927 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of XPO Logistics by 1,019.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 894,315 shares of the transportation company’s stock valued at $89,593,000 after purchasing an additional 814,403 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of XPO Logistics by 14.9% in the 2nd quarter. BlackRock Inc. now owns 5,831,257 shares of the transportation company’s stock valued at $584,174,000 after purchasing an additional 758,293 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of XPO Logistics by 425.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 649,600 shares of the transportation company’s stock valued at $65,077,000 after purchasing an additional 525,900 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of XPO Logistics by 23.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,667,703 shares of the transportation company’s stock valued at $304,571,000 after purchasing an additional 508,479 shares in the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.
XPO has been the topic of a number of research analyst reports. Bank of America raised XPO Logistics from a “neutral” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Tuesday, October 30th. They noted that the move was a valuation call. Jefferies Financial Group set a $145.00 target price on XPO Logistics and gave the company a “buy” rating in a report on Thursday, November 1st. ValuEngine downgraded XPO Logistics from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Morgan Stanley raised their target price on XPO Logistics from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, November 5th. Finally, Credit Suisse Group dropped their price target on XPO Logistics from $125.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, November 5th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. XPO Logistics currently has an average rating of “Buy” and a consensus target price of $117.40.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, October 31st. The transportation company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.09). XPO Logistics had a net margin of 3.04% and a return on equity of 9.70%. The firm had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. As a group, analysts expect that XPO Logistics Inc will post 3.33 EPS for the current year.
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XPO Logistics Company Profile
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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