O Shaughnessy Asset Management LLC Grows Stock Holdings in XPO Logistics, Inc. (NYSE:XPO)

O Shaughnessy Asset Management LLC grew its holdings in XPO Logistics, Inc. (NYSE:XPO) by 71.2% during the second quarter, HoldingsChannel reports. The firm owned 938 shares of the transportation company’s stock after acquiring an additional 390 shares during the period. O Shaughnessy Asset Management LLC’s holdings in XPO Logistics were worth $131,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Aspire Private Capital LLC purchased a new stake in shares of XPO Logistics during the 1st quarter valued at approximately $25,000. Credit Agricole S A purchased a new stake in shares of XPO Logistics during the 1st quarter valued at approximately $37,000. Quadrant Capital Group LLC raised its position in shares of XPO Logistics by 41.4% during the 1st quarter. Quadrant Capital Group LLC now owns 355 shares of the transportation company’s stock valued at $44,000 after buying an additional 104 shares during the period. Harvest Fund Management Co. Ltd raised its position in shares of XPO Logistics by 30.8% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 467 shares of the transportation company’s stock valued at $57,000 after buying an additional 110 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in shares of XPO Logistics during the 1st quarter valued at approximately $106,000. 75.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:XPO opened at $83.75 on Wednesday. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.63 and a beta of 2.16. XPO Logistics, Inc. has a one year low of $46.88 and a one year high of $90.78. The company has a 50-day simple moving average of $100.22 and a 200-day simple moving average of $124.29. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.02 and a current ratio of 1.02.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, July 28th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.15. The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.86 billion. XPO Logistics had a net margin of 2.62% and a return on equity of 21.65%. As a group, research analysts forecast that XPO Logistics, Inc. will post 4.11 EPS for the current fiscal year.

In related news, Director Jacobs Private Equity, Llc sold 2,875,000 shares of the stock in a transaction dated Thursday, July 1st. The shares were sold at an average price of $133.86, for a total transaction of $384,847,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 17.80% of the company’s stock.

XPO has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on XPO Logistics in a research report on Thursday, August 12th. They issued an “equal weight” rating and a $75.00 target price on the stock. Truist Securities dropped their price target on shares of XPO Logistics from $185.00 to $105.00 and set an “in-line” rating for the company in a research note on Friday, August 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of XPO Logistics from $160.00 to $114.00 and set a “buy” rating for the company in a research note on Friday, August 6th. JPMorgan Chase & Co. lowered their target price on shares of XPO Logistics from $171.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, September 16th. Finally, Barclays lowered their target price on shares of XPO Logistics from $180.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, August 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, XPO Logistics presently has an average rating of “Buy” and a consensus price target of $132.38.

XPO Logistics Profile

XPO Logistics, Inc engages in the provision of supply chain solutions. It operates through the following segments: Transportation and Logistics. The Transportation segment includes truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation.

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

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