Envestnet Asset Management Inc. Trims Holdings in XPO Logistics, Inc. (NYSE:XPO)

Envestnet Asset Management Inc. reduced its holdings in shares of XPO Logistics, Inc. (NYSE:XPOGet Rating) by 36.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,373 shares of the transportation company’s stock after selling 11,179 shares during the quarter. Envestnet Asset Management Inc.’s holdings in XPO Logistics were worth $933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of XPO Logistics by 9.9% during the 1st quarter. BlackRock Inc. now owns 10,049,511 shares of the transportation company’s stock valued at $731,604,000 after buying an additional 906,295 shares during the last quarter. Vanguard Group Inc. raised its position in shares of XPO Logistics by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 9,457,125 shares of the transportation company’s stock valued at $688,479,000 after acquiring an additional 424,449 shares in the last quarter. MFN Partners Management LP raised its position in shares of XPO Logistics by 68.4% during the 1st quarter. MFN Partners Management LP now owns 7,200,369 shares of the transportation company’s stock valued at $524,187,000 after acquiring an additional 2,925,000 shares in the last quarter. State Street Corp raised its position in shares of XPO Logistics by 5.4% during the 1st quarter. State Street Corp now owns 2,914,235 shares of the transportation company’s stock valued at $212,156,000 after acquiring an additional 148,266 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of XPO Logistics by 15.4% during the 1st quarter. Clearbridge Investments LLC now owns 2,439,454 shares of the transportation company’s stock valued at $177,592,000 after acquiring an additional 325,543 shares in the last quarter. 97.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XPO. JPMorgan Chase & Co. dropped their price target on XPO Logistics from $77.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 1st. Benchmark dropped their price target on XPO Logistics to $70.00 in a research report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft lowered XPO Logistics from a “buy” rating to a “hold” rating and dropped their price target for the company from $78.00 to $50.00 in a research report on Monday, October 17th. Jefferies Financial Group initiated coverage on XPO Logistics in a research report on Monday, October 24th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, StockNews.com raised XPO Logistics from a “hold” rating to a “buy” rating in a research report on Thursday, November 10th. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, XPO Logistics has a consensus rating of “Moderate Buy” and an average target price of $71.91.

XPO Logistics Price Performance

Shares of XPO opened at $37.60 on Friday. The stock’s fifty day moving average is $43.34 and its 200-day moving average is $49.25. XPO Logistics, Inc. has a one year low of $30.54 and a one year high of $81.01. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 4.93, a price-to-earnings-growth ratio of 0.56 and a beta of 2.04. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.16 and a current ratio of 1.16.

XPO Logistics (NYSE:XPOGet Rating) last announced its earnings results on Monday, October 31st. The transportation company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. XPO Logistics had a return on equity of 43.47% and a net margin of 6.73%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the business posted $0.94 earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. Equities analysts anticipate that XPO Logistics, Inc. will post 5.73 EPS for the current year.

About XPO Logistics

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XPO Logistics, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and Brokerage and Other Services. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite regional, inter-regional, and transcontinental LTL freight services.

See Also

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

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