Los Angeles Capital Management & Equity Research Inc. cut its stake in XPO Logistics, Inc. (NYSE:XPO) by 91.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,289 shares of the transportation company’s stock after selling 35,616 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in XPO Logistics were worth $223,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. IHT Wealth Management LLC purchased a new position in shares of XPO Logistics during the 2nd quarter worth $1,147,000. Teacher Retirement System of Texas grew its holdings in shares of XPO Logistics by 1.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,912 shares of the transportation company’s stock worth $576,000 after purchasing an additional 161 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of XPO Logistics by 1.6% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock worth $704,000 after purchasing an additional 179 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of XPO Logistics by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock worth $274,000 after purchasing an additional 373 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of XPO Logistics by 18.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after purchasing an additional 466 shares during the period.
Shares of XPO Logistics, Inc. (XPO) traded down $1.66 during trading on Tuesday, reaching $76.33. The company had a trading volume of 1,789,600 shares, compared to its average volume of 1,507,423. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. The stock has a market cap of $9,349.70, a PE ratio of 45.08, a price-to-earnings-growth ratio of 1.12 and a beta of 2.52. XPO Logistics, Inc. has a 12 month low of $42.07 and a 12 month high of $80.10.
XPO has been the subject of a number of research analyst reports. Barclays increased their price target on XPO Logistics from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Stifel Nicolaus set a $77.00 price target on XPO Logistics and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Deutsche Bank reiterated a “buy” rating and set a $110.00 price target on shares of XPO Logistics in a report on Friday, November 3rd. Oppenheimer reiterated a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a report on Thursday, October 12th. Finally, William Blair reiterated an “outperform” rating on shares of XPO Logistics in a report on Monday, August 7th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $77.59.
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XPO Logistics Company Profile
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.
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