XPO Logistics Inc (XPO) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC boosted its stake in shares of XPO Logistics Inc (NYSE:XPO) by 83.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 36,877 shares of the transportation company’s stock after acquiring an additional 16,786 shares during the period. Verition Fund Management LLC’s holdings in XPO Logistics were worth $3,754,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. State of Wisconsin Investment Board raised its position in XPO Logistics by 2.5% during the fourth quarter. State of Wisconsin Investment Board now owns 24,335 shares of the transportation company’s stock worth $2,229,000 after acquiring an additional 598 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in XPO Logistics by 17.3% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,470 shares of the transportation company’s stock worth $455,000 after acquiring an additional 658 shares during the period. CIBC Asset Management Inc raised its position in XPO Logistics by 17.8% during the first quarter. CIBC Asset Management Inc now owns 4,366 shares of the transportation company’s stock worth $445,000 after acquiring an additional 660 shares during the period. BTC Capital Management Inc. raised its position in XPO Logistics by 1.4% during the first quarter. BTC Capital Management Inc. now owns 50,087 shares of the transportation company’s stock worth $5,098,000 after acquiring an additional 707 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in XPO Logistics by 12.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,998 shares of the transportation company’s stock worth $712,000 after acquiring an additional 766 shares during the period.

XPO Logistics opened at $112.23 on Thursday, MarketBeat.com reports. XPO Logistics Inc has a 52-week low of $54.34 and a 52-week high of $115.49. The firm has a market cap of $13.45 billion, a PE ratio of 57.06, a price-to-earnings-growth ratio of 1.05 and a beta of 2.46. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.13.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, May 2nd. The transportation company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.10. XPO Logistics had a net margin of 2.34% and a return on equity of 7.95%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. XPO Logistics’s quarterly revenue was up 18.4% on a year-over-year basis. equities research analysts anticipate that XPO Logistics Inc will post 3.49 EPS for the current fiscal year.

XPO has been the subject of a number of research analyst reports. Deutsche Bank set a $133.00 price objective on shares of XPO Logistics and gave the stock a “buy” rating in a research report on Sunday, February 25th. Oppenheimer upped their price objective on shares of XPO Logistics from $104.00 to $119.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 18th. Barclays restated an “overweight” rating and set a $130.00 price objective on shares of XPO Logistics in a research report on Tuesday, April 17th. Cowen upped their price objective on shares of XPO Logistics from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 24th. Finally, Credit Suisse Group upped their price objective on shares of XPO Logistics from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, May 4th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. XPO Logistics currently has a consensus rating of “Buy” and an average target price of $105.60.

XPO Logistics Company 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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