Fifth Third Bancorp decreased its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 60.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 841 shares of the transportation company’s stock after selling 1,300 shares during the quarter. Fifth Third Bancorp’s holdings in XPO Logistics were worth $41,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in XPO. IFP Advisors Inc increased its stake in shares of XPO Logistics by 29.8% during the 4th quarter. IFP Advisors Inc now owns 876 shares of the transportation company’s stock worth $70,000 after purchasing an additional 201 shares during the last quarter. Squar Milner Financial Services LLC increased its stake in shares of XPO Logistics by 186.4% during the 4th quarter. Squar Milner Financial Services LLC now owns 338 shares of the transportation company’s stock worth $26,000 after purchasing an additional 220 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of XPO Logistics by 9.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,908 shares of the transportation company’s stock worth $5,572,000 after purchasing an additional 5,785 shares during the last quarter. Braun Stacey Associates Inc. acquired a new position in shares of XPO Logistics during the 4th quarter worth $12,060,000. Finally, Strs Ohio increased its stake in shares of XPO Logistics by 444.1% during the 4th quarter. Strs Ohio now owns 9,245 shares of the transportation company’s stock worth $736,000 after purchasing an additional 7,546 shares during the last quarter. Institutional investors own 97.78% of the company’s stock.

Several research analysts have recently commented on the stock. Bank of America restated a “buy” rating and set a $73.00 price target (down previously from $74.00) on shares of XPO Logistics in a research note on Monday, April 27th. Cowen dropped their price target on shares of XPO Logistics from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. SunTrust Banks upped their price objective on shares of XPO Logistics from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, April 24th. JPMorgan Chase & Co. decreased their price objective on shares of XPO Logistics from $84.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, Citigroup upped their price objective on shares of XPO Logistics from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. XPO Logistics currently has an average rating of “Buy” and an average price target of $81.28.

In other XPO Logistics news, major shareholder Spruce House Partnership Llc sold 566,986 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $42.78, for a total value of $24,255,661.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 1,598,046 shares of company stock valued at $71,932,136. Insiders own 18.70% of the company’s stock.

Shares of XPO Logistics stock opened at $75.61 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.18 and a quick ratio of 1.18. XPO Logistics Inc has a fifty-two week low of $38.47 and a fifty-two week high of $100.18. The firm has a fifty day moving average price of $61.66 and a two-hundred day moving average price of $75.17. The company has a market cap of $6.57 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 4.31 and a beta of 2.52.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Monday, May 4th. The transportation company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). XPO Logistics had a net margin of 2.33% and a return on equity of 15.56%. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the company earned $0.51 earnings per share. XPO Logistics’s revenue for the quarter was down 6.2% on a year-over-year basis. Analysts expect that XPO Logistics Inc will post 1.73 earnings per share for the current fiscal year.

XPO Logistics Profile

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.

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

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