XPO Logistics, Inc. (NYSE:XPO) Shares Sold by Northern Trust Corp

Northern Trust Corp lowered its stake in shares of XPO Logistics, Inc. (NYSE:XPO) by 60.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 460,949 shares of the transportation company’s stock after selling 692,983 shares during the period. Northern Trust Corp owned 0.41% of XPO Logistics worth $29,790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XPO. BlackRock Inc. boosted its stake in XPO Logistics by 24,470.3% during the first quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after buying an additional 5,991,806 shares during the last quarter. American Century Companies Inc. boosted its stake in XPO Logistics by 719.7% during the second quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock worth $101,957,000 after buying an additional 1,385,098 shares during the last quarter. Vanguard Group Inc. boosted its stake in XPO Logistics by 7.8% during the first quarter. Vanguard Group Inc. now owns 8,432,238 shares of the transportation company’s stock worth $403,820,000 after buying an additional 606,812 shares during the last quarter. Victory Capital Management Inc. boosted its stake in XPO Logistics by 43.4% during the second quarter. Victory Capital Management Inc. now owns 1,601,569 shares of the transportation company’s stock worth $103,509,000 after buying an additional 485,053 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its stake in XPO Logistics by 331.6% during the second quarter. Federated Investors Inc. PA now owns 553,402 shares of the transportation company’s stock worth $35,766,000 after buying an additional 425,189 shares during the last quarter. 89.61% of the stock is currently owned by institutional investors.

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A number of equities analysts have weighed in on the company. J P Morgan Chase & Co boosted their price objective on XPO Logistics from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. KeyCorp restated a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Barclays PLC lifted their target price on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Finally, Credit Suisse Group lifted their target price on XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $70.13.

Shares of XPO Logistics, Inc. (NYSE XPO) traded up 0.65% during midday trading on Friday, reaching $69.59. The company’s stock had a trading volume of 978,344 shares. XPO Logistics, Inc. has a 52 week low of $31.68 and a 52 week high of $69.62. The firm’s 50 day moving average is $64.86 and its 200 day moving average is $58.96. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 79.71 and a beta of 2.37.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that XPO Logistics, Inc. will post $1.92 EPS for the current fiscal year.

About XPO Logistics

XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.

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

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