XPO Logistics Inc (XPO) : Fishman Jay A Ltdmi reduced its stake in XPO Logistics Inc by 1.06% during the most recent quarter end. The investment management company now holds a total of 168,550 shares of XPO Logistics Inc which is valued at $6,238,036 after selling 1,800 shares in XPO Logistics Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.XPO Logistics Inc makes up approximately 1.47% of Fishman Jay A Ltdmi’s portfolio.
Other Hedge Funds, Including , Fieldpoint Private Advisors Inc added XPO to its portfolio by purchasing 66,800 company shares during the most recent quarter which is valued at $2,457,572. XPO Logistics Inc makes up approx 1.60% of Fieldpoint Private Advisors Inc’s portfolio.American Century Companies Inc reduced its stake in XPO by selling 87,061 shares or 29.7% in the most recent quarter. The Hedge Fund company now holds 206,111 shares of XPO which is valued at $6,014,319. XPO Logistics Inc makes up approx 0.01% of American Century Companies Inc’s portfolio.Pembroke Management Ltd reduced its stake in XPO by selling 17,500 shares or 2.75% in the most recent quarter. The Hedge Fund company now holds 619,934 shares of XPO which is valued at $17,823,103. XPO Logistics Inc makes up approx 1.67% of Pembroke Management Ltd’s portfolio.Macguire Cheswick Tuttle Investment Counsel boosted its stake in XPO in the latest quarter, The investment management firm added 4,300 additional shares and now holds a total of 61,655 shares of XPO Logistics Inc which is valued at $1,772,581. XPO Logistics Inc makes up approx 0.38% of Macguire Cheswick Tuttle Investment Counsel’s portfolio.
XPO Logistics Inc opened for trading at $35.85 and hit $36.06 on the upside on Wednesday, eventually ending the session at $36, with a gain of 0.33% or 0.12 points. The heightened volatility saw the trading volume jump to 14,78,151 shares. Company has a market cap of $3,965 M.
On the company’s financial health, XPO Logistics Inc reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.20. The company had revenue of $3683.00 million for the quarter, compared to analysts expectations of $3894.72 million. The company’s revenue was up 202.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.16 EPS.
Many Wall Street Analysts have commented on XPO Logistics Inc. Company shares were Reiterated by Cowen on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 38 from a previous price target of $26 .Company shares were Reiterated by Stifel on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $35 .Company shares were Reiterated by JP Morgan on Aug 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 50 from a previous price target of $40 .
XPO Logistics Inc. is a provider of transportation logistics services and a provider of engineered technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage intermodal last mile expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services including warehousing and distribution reverse logistics transportation management freight bill audit and payment aftermarket support and supply chain optimization for its clients. Its services include truckload transportation last mile logistics engineered supply chain solutions warehousing and distribution ground and air expedite intermodal global forwarding and managed transportation. It also offers truckload transportation in North America.