XPO Logistics Inc (XPO) : First Mercantile Trust Co reduced its stake in XPO Logistics Inc by 11.83% during the most recent quarter end. The investment management company now holds a total of 69,360 shares of XPO Logistics Inc which is valued at $2,539,270 after selling 9,310 shares in XPO Logistics Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.XPO Logistics Inc makes up approximately 0.34% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Simplex Trading added XPO to its portfolio by purchasing 719 company shares during the most recent quarter which is valued at $26,323.Bnp Paribas Arbitrage Sa boosted its stake in XPO in the latest quarter, The investment management firm added 11,608 additional shares and now holds a total of 15,476 shares of XPO Logistics Inc which is valued at $573,541.First American Trust Fsb boosted its stake in XPO in the latest quarter, The investment management firm added 26,663 additional shares and now holds a total of 79,534 shares of XPO Logistics Inc which is valued at $2,947,530. XPO Logistics Inc makes up approx 0.92% of First American Trust Fsb’s portfolio. Washington Trust Bank added XPO to its portfolio by purchasing 18 company shares during the most recent quarter which is valued at $667.
XPO Logistics Inc closed down -0.01 points or -0.03% at $36.61 with 6,76,279 shares getting traded on Friday. Post opening the session at $36.74, the shares hit an intraday low of $35.9 and an intraday high of $36.97 and the price fluctuated in this range throughout the day.Shares ended Friday 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.