Fmr LLC Reduces Position in XPO Logistics Inc (XPO)

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Fmr LLC reduced its position in shares of XPO Logistics Inc (NYSE:XPO) by 77.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,033,109 shares of the transportation company’s stock after selling 3,643,419 shares during the period. Fmr LLC’s holdings in XPO Logistics were worth $58,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in XPO. Spruce House Investment Management LLC increased its stake in shares of XPO Logistics by 64.5% in the 4th quarter. Spruce House Investment Management LLC now owns 12,750,000 shares of the transportation company’s stock valued at $727,260,000 after purchasing an additional 5,000,000 shares during the last quarter. Vanguard Group Inc grew its position in XPO Logistics by 7.0% during the 3rd quarter. Vanguard Group Inc now owns 10,997,991 shares of the transportation company’s stock worth $1,255,640,000 after acquiring an additional 721,707 shares during the last quarter. Dimensional Fund Advisors LP grew its position in XPO Logistics by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,280,309 shares of the transportation company’s stock worth $130,062,000 after acquiring an additional 55,852 shares during the last quarter. Epoch Investment Partners Inc. grew its position in XPO Logistics by 90.7% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,572,526 shares of the transportation company’s stock worth $89,697,000 after acquiring an additional 747,926 shares during the last quarter. Finally, Morgan Stanley grew its position in XPO Logistics by 50.1% during the 3rd quarter. Morgan Stanley now owns 1,557,140 shares of the transportation company’s stock worth $177,779,000 after acquiring an additional 519,553 shares during the last quarter.

XPO has been the topic of a number of research reports. Citigroup reduced their price objective on XPO Logistics from $114.00 to $96.00 and set an “outperform” rating on the stock in a research report on Monday, December 17th. ValuEngine upgraded XPO Logistics from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Bank of America reduced their price objective on XPO Logistics from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, February 15th. Deutsche Bank restated a “buy” rating and set a $81.00 price objective on shares of XPO Logistics in a research report on Friday, February 15th. Finally, Morgan Stanley restated an “equal weight” rating and set a $71.00 price objective (down previously from $116.00) on shares of XPO Logistics in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. XPO Logistics presently has an average rating of “Buy” and a consensus price target of $91.20.

NYSE XPO opened at $63.07 on Tuesday. XPO Logistics Inc has a 12 month low of $41.05 and a 12 month high of $116.27. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 0.94 and a beta of 2.20. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Thursday, February 14th. The transportation company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.11). XPO Logistics had a net margin of 2.44% and a return on equity of 10.83%. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the firm posted $0.45 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts expect that XPO Logistics Inc will post 3.4 EPS for the current year.

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About XPO Logistics

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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