Kortright Capital Partners Lp adds XPO Logistics Inc (XPO) to its portfolio

XPO Logistics Inc (XPO) : Kortright Capital Partners Lp added new position in XPO Logistics Inc during the most recent quarter end. The investment management firm now holds 50,000 shares of XPO Logistics Inc which is valued at $1,810,000 , the company said in a statement filed on Aug 12, 2016 with the SEC.XPO Logistics Inc makes up approximately 5.46% of Kortright Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc sold out all of its stake in XPO during the most recent quarter. The investment firm sold 97,641 shares of XPO which is valued $3,534,604.Tiaa Cref Investment Management boosted its stake in XPO in the latest quarter, The investment management firm added 77,257 additional shares and now holds a total of 302,475 shares of XPO Logistics Inc which is valued at $10,949,595. XPO Logistics Inc makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Alliancebernstein boosted its stake in XPO in the latest quarter, The investment management firm added 32,800 additional shares and now holds a total of 144,706 shares of XPO Logistics Inc which is valued at $5,238,357.Blackrock Investment Management boosted its stake in XPO in the latest quarter, The investment management firm added 152,216 additional shares and now holds a total of 403,263 shares of XPO Logistics Inc which is valued at $14,598,121. XPO Logistics Inc makes up approx 0.02% of Blackrock Investment Management’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 closed down -0.04 points or -0.11% at $36.07 with 13,44,645 shares getting traded on Monday. Post opening the session at $36.37, the shares hit an intraday low of $35.85 and an intraday high of $36.7 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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