Parametric Portfolio Associates LLC Has $18.18 Million Position in XPO Logistics Inc (XPO)

Parametric Portfolio Associates LLC boosted its position in XPO Logistics Inc (NYSE:XPO) by 14.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 268,201 shares of the transportation company’s stock after purchasing an additional 34,875 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.22% of XPO Logistics worth $18,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in shares of XPO Logistics by 94.6% during the 3rd quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock valued at $208,090,000 after acquiring an additional 1,492,525 shares during the last quarter. FMR LLC increased its stake in shares of XPO Logistics by 73.3% during the 2nd quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock valued at $187,026,000 after acquiring an additional 1,223,543 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of XPO Logistics by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock valued at $591,414,000 after acquiring an additional 718,511 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of XPO Logistics by 37.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock valued at $149,485,000 after acquiring an additional 603,866 shares during the last quarter. Finally, Castleark Management LLC acquired a new position in shares of XPO Logistics during the 2nd quarter valued at about $30,551,000.

XPO Logistics Inc (NYSE XPO) opened at $92.17 on Thursday. XPO Logistics Inc has a one year low of $42.07 and a one year high of $93.63. The company has a market capitalization of $10,560.00, a P/E ratio of 76.81, a PEG ratio of 1.30 and a beta of 2.51. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. sell-side analysts anticipate that XPO Logistics Inc will post 1.92 earnings per share for the current year.

XPO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of XPO Logistics from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Deutsche Bank reissued a “buy” rating on shares of XPO Logistics in a research report on Friday, December 22nd. Goldman Sachs Group started coverage on shares of XPO Logistics in a research report on Monday, November 13th. They set a “buy” rating and a $90.00 target price for the company. KeyCorp reissued a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Finally, Cowen increased their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.94.

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

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