OppenheimerFunds Inc. lowered its position in shares of XPO Logistics Inc (NYSE:XPO) by 19.5% in the second quarter, HoldingsChannel.com reports. The firm owned 1,473,552 shares of the transportation company’s stock after selling 356,393 shares during the period. OppenheimerFunds Inc.’s holdings in XPO Logistics were worth $147,620,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund acquired a new position in XPO Logistics during the second quarter valued at approximately $1,954,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in XPO Logistics during the second quarter valued at approximately $862,000. BlueMountain Capital Management LLC acquired a new position in XPO Logistics during the second quarter valued at approximately $12,091,000. Korea Investment CORP boosted its holdings in shares of XPO Logistics by 13.7% in the second quarter. Korea Investment CORP now owns 299,500 shares of the transportation company’s stock valued at $30,004,000 after buying an additional 36,000 shares during the period. Finally, Signet Financial Management LLC acquired a new position in shares of XPO Logistics in the second quarter valued at approximately $127,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.
Shares of XPO stock opened at $106.56 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $13.51 billion, a PE ratio of 54.65, a price-to-earnings-growth ratio of 0.80 and a beta of 2.27. XPO Logistics Inc has a 12 month low of $59.30 and a 12 month high of $115.49.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.01. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.29 billion. XPO Logistics had a net margin of 2.84% and a return on equity of 9.12%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. analysts anticipate that XPO Logistics Inc will post 3.48 earnings per share for the current fiscal year.
Several research firms have recently weighed in on XPO. KeyCorp reduced their price target on shares of XPO Logistics from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, August 3rd. ValuEngine cut shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Friday, June 29th. Stifel Nicolaus began coverage on shares of XPO Logistics in a report on Tuesday, June 19th. They issued a “hold” rating and a $118.00 price target for the company. Deutsche Bank reiterated a “buy” rating and issued a $142.00 price target (up previously from $133.00) on shares of XPO Logistics in a report on Thursday, August 2nd. Finally, Bank of America reduced their price target on shares of XPO Logistics from $117.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $109.67.
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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