Equitec Specialists adds XPO Logistics Inc (XPO) to its portfolio

XPO Logistics Inc (XPO) : Equitec Specialists added new position in XPO Logistics Inc during the most recent quarter end. The investment management firm now holds 2,721 shares of XPO Logistics Inc which is valued at $78,229 , the company said in a statement filed on Jul 21, 2016 with the SEC.XPO Logistics Inc makes up approximately 0.02% of Equitec Specialists’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added XPO to its portfolio by purchasing 5,766 company shares during the most recent quarter which is valued at $157,527. XPO Logistics Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.First American Trust Fsb reduced its stake in XPO by selling 2,014 shares or 3.67% in the most recent quarter. The Hedge Fund company now holds 52,871 shares of XPO which is valued at $1,321,775. XPO Logistics Inc makes up approx 0.46% of First American Trust Fsb’s portfolio.

XPO Logistics Inc opened for trading at $29.13 and hit $29.39 on the upside on Thursday, eventually ending the session at $29.34, with a gain of 0.55% or 0.16 points. The heightened volatility saw the trading volume jump to 7,79,091 shares. Company has a market cap of $3,228 M.

On the company’s financial health, XPO Logistics Inc reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.18. The company had revenue of $3545.70 million for the quarter, compared to analysts expectations of $3569.16 million. The company’s revenue was up 404.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on XPO Logistics Inc. JP Morgan Initiated XPO Logistics Inc on Jul 11, 2016 to “Overweight”, Price Target of the shares are set at $40.Buckingham Research Initiated XPO Logistics Inc on May 17, 2016 to “Buy”, Price Target of the shares are set at $38.

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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