Fishman Jay A Ltd. MI Increases Stake in XPO Logistics, Inc. (XPO)

Fishman Jay A Ltd. MI lifted its stake in shares of XPO Logistics, Inc. (NYSE:XPO) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 226,791 shares of the transportation company’s stock after purchasing an additional 7,700 shares during the quarter. XPO Logistics comprises 3.1% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 11th largest position. Fishman Jay A Ltd. MI owned approximately 0.19% of XPO Logistics worth $15,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in XPO. Prudential Financial Inc. raised its position in shares of XPO Logistics by 1.5% during the 1st quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock worth $496,000 after purchasing an additional 150 shares during the period. Teachers Advisors LLC raised its position in shares of XPO Logistics by 12.9% during the 1st quarter. Teachers Advisors LLC now owns 223,142 shares of the transportation company’s stock worth $10,686,000 after purchasing an additional 25,480 shares during the period. Legal & General Group Plc raised its position in shares of XPO Logistics by 10.6% during the 1st quarter. Legal & General Group Plc now owns 39,374 shares of the transportation company’s stock worth $1,882,000 after purchasing an additional 3,774 shares during the period. BlackRock Inc. raised its position in shares of XPO Logistics by 24,470.3% during the 1st quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after purchasing an additional 5,991,806 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of XPO Logistics by 12.8% during the 1st quarter. AQR Capital Management LLC now owns 44,183 shares of the transportation company’s stock worth $2,116,000 after purchasing an additional 5,005 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

Shares of XPO Logistics, Inc. (NYSE:XPO) traded up $1.69 during midday trading on Friday, reaching $73.25. The company’s stock had a trading volume of 1,632,066 shares, compared to its average volume of 1,374,172. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $8,760.70, a P/E ratio of 42.34, a price-to-earnings-growth ratio of 1.04 and a beta of 2.47.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a return on equity of 7.34% and a net margin of 1.11%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. equities research analysts forecast that XPO Logistics, Inc. will post 1.91 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on XPO. Cowen and Company increased their price target on XPO Logistics from $69.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday. Credit Suisse Group increased their price target on XPO Logistics from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus set a $77.00 price target on XPO Logistics and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. William Blair reiterated an “outperform” rating on shares of XPO Logistics in a research report on Monday, August 7th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $110.00 price target on shares of XPO Logistics in a research report on Friday. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $73.50.

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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