Axiom International Investors LLC DE trimmed its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 61.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,388 shares of the transportation company’s stock after selling 33,962 shares during the period. Axiom International Investors LLC DE’s holdings in XPO Logistics were worth $2,442,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. TRUE Private Wealth Advisors bought a new stake in shares of XPO Logistics in the third quarter worth $111,000. Stratos Wealth Partners LTD. bought a new stake in shares of XPO Logistics in the third quarter worth $118,000. Signet Financial Management LLC bought a new stake in shares of XPO Logistics in the second quarter worth $127,000. NEXT Financial Group Inc bought a new stake in shares of XPO Logistics in the third quarter worth $129,000. Finally, Cerebellum GP LLC bought a new stake in shares of XPO Logistics in the third quarter worth $190,000. 93.16% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on XPO. ValuEngine lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Morgan Stanley lifted their price target on shares of XPO Logistics from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, November 5th. Credit Suisse Group dropped their price target on shares of XPO Logistics from $125.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of XPO Logistics from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Finally, KeyCorp dropped their price target 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 equities 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 currently has a consensus rating of “Buy” and a consensus target price of $117.40.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 31st. The transportation company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.09). The business had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.40 billion. XPO Logistics had a return on equity of 9.70% and a net margin of 3.04%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. On average, analysts anticipate that XPO Logistics Inc will post 3.33 earnings per share for the current fiscal year.
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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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