Columbia Partners L.L.C. Investment Management Sells 5,000 Shares of XPO Logistics Inc (XPO)

Columbia Partners L.L.C. Investment Management lessened its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 14.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,237 shares of the transportation company’s stock after selling 5,000 shares during the period. XPO Logistics accounts for 0.9% of Columbia Partners L.L.C. Investment Management’s holdings, making the stock its 28th biggest holding. Columbia Partners L.L.C. Investment Management’s holdings in XPO Logistics were worth $3,452,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of XPO. Voya Investment Management LLC lifted its holdings in shares of XPO Logistics by 87.8% during the second quarter. Voya Investment Management LLC now owns 2,067,804 shares of the transportation company’s stock worth $207,153,000 after purchasing an additional 966,927 shares during the period. Epoch Investment Partners Inc. lifted its holdings in shares of XPO Logistics by 1,019.1% during the second quarter. Epoch Investment Partners Inc. now owns 894,315 shares of the transportation company’s stock worth $89,593,000 after purchasing an additional 814,403 shares during the period. BlackRock Inc. lifted its holdings in shares of XPO Logistics by 14.9% during the second quarter. BlackRock Inc. now owns 5,831,257 shares of the transportation company’s stock worth $584,174,000 after purchasing an additional 758,293 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of XPO Logistics by 425.1% during the second quarter. Canada Pension Plan Investment Board now owns 649,600 shares of the transportation company’s stock worth $65,077,000 after purchasing an additional 525,900 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of XPO Logistics by 23.5% during the third quarter. Wells Fargo & Company MN now owns 2,667,703 shares of the transportation company’s stock worth $304,571,000 after purchasing an additional 508,479 shares during the period. Institutional investors own 93.16% of the company’s stock.

Shares of NYSE XPO opened at $75.86 on Monday. XPO Logistics Inc has a twelve month low of $69.11 and a twelve month high of $116.27. The firm has a market cap of $9.63 billion, a P/E ratio of 38.90, a PEG ratio of 0.60 and a beta of 2.56. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, October 31st. The transportation company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.09). XPO Logistics had a return on equity of 9.70% and a net margin of 3.04%. The firm had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the prior year, the business earned $0.59 EPS. XPO Logistics’s quarterly revenue was up 11.5% on a year-over-year basis. On average, research analysts predict that XPO Logistics Inc will post 3.33 EPS for the current fiscal year.

A number of equities analysts have recently commented on XPO shares. JPMorgan Chase & Co. cut their price target on shares of XPO Logistics from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, November 2nd. Jefferies Financial Group set a $145.00 price target on shares of XPO Logistics and gave the stock a “buy” rating in a report on Thursday, November 1st. Stifel Nicolaus upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Friday, November 2nd. ValuEngine lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, KeyCorp lowered their target price on shares of XPO Logistics from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $117.40.

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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, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.

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

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