XPO Logistics Inc (XPO) Shares Sold by InterOcean Capital LLC

InterOcean Capital LLC decreased its stake in shares of XPO Logistics Inc (NYSE:XPO) by 34.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,570 shares of the transportation company’s stock after selling 1,860 shares during the period. InterOcean Capital LLC’s holdings in XPO Logistics were worth $408,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. TRUE Private Wealth Advisors bought a new position in XPO Logistics during the third quarter valued at approximately $111,000. Stratos Wealth Partners LTD. bought a new position in shares of XPO Logistics in the third quarter valued at approximately $118,000. Signet Financial Management LLC acquired a new stake in shares of XPO Logistics in the second quarter worth $127,000. NEXT Financial Group Inc acquired a new stake in shares of XPO Logistics in the third quarter worth $129,000. Finally, Cerebellum GP LLC acquired a new stake in shares of XPO Logistics in the third quarter worth $190,000. 94.08% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on XPO shares. ValuEngine downgraded shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Morgan Stanley boosted their price objective on XPO Logistics from $125.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, November 5th. Credit Suisse Group dropped their price objective on XPO Logistics from $125.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, November 5th. JPMorgan Chase & Co. decreased their target price on XPO Logistics from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, November 2nd. Finally, KeyCorp decreased their price objective on XPO Logistics from $115.00 to $110.00 and set an “overweight” rating for the company in a research report 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 company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $117.40.

XPO stock opened at $77.18 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. XPO Logistics Inc has a twelve month low of $69.11 and a twelve month high of $116.27. The company has a market cap of $9.63 billion, a P/E ratio of 39.58, a P/E/G ratio of 0.60 and a beta of 2.51.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, October 31st. The transportation company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.09). XPO Logistics had a net margin of 3.04% and a return on equity of 9.70%. The business 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 earnings per share. XPO Logistics’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts forecast that XPO Logistics Inc will post 3.33 earnings per share for the current fiscal year.

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XPO Logistics Profile

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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