XPO Logistics, Inc. (XPO) Shares Sold by Fairfield Bush & CO.

Fairfield Bush & CO. cut its stake in XPO Logistics, Inc. (NYSE:XPO) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,850 shares of the transportation company’s stock after selling 400 shares during the period. Fairfield Bush & CO.’s holdings in XPO Logistics were worth $766,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. IHT Wealth Management LLC purchased a new stake in XPO Logistics in the second quarter worth about $1,147,000. Envestnet Asset Management Inc. lifted its holdings in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the period. Advisors Asset Management Inc. lifted its holdings in XPO Logistics by 18.4% in the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after buying an additional 466 shares during the period. Argent Trust Co purchased a new stake in XPO Logistics in the second quarter worth about $205,000. Finally, Boston Advisors LLC purchased a new stake in XPO Logistics in the second quarter worth about $212,000. Institutional investors and hedge funds own 89.54% of the company’s stock.

XPO Logistics, Inc. (NYSE XPO) traded up 0.64% during trading on Tuesday, hitting $67.63. 540,238 shares of the stock traded hands. XPO Logistics, Inc. has a 12 month low of $31.68 and a 12 month high of $68.29. The firm has a market cap of $7.97 billion, a PE ratio of 77.47 and a beta of 2.37. The firm has a 50-day moving average price of $62.31 and a 200 day moving average price of $57.32.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting the 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 analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that XPO Logistics, Inc. will post $1.92 EPS for the current fiscal year.

XPO has been the subject of several research analyst reports. BidaskClub upgraded shares of XPO Logistics from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Bank of America Corporation initiated coverage on shares of XPO Logistics in a report on Wednesday, June 28th. They issued a “buy” rating and a $72.00 price objective for the company. KeyCorp raised their price objective on shares of XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Friday, July 7th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $78.00 price objective (up from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. XPO Logistics currently has an average rating of “Buy” and a consensus target price of $68.67.

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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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