Public Employees Retirement Association of Colorado Increases Stake in XPO Logistics, Inc. (NYSE:XPO)

Public Employees Retirement Association of Colorado increased its position in XPO Logistics, Inc. (NYSE:XPO) by 16.0% during the second quarter, Holdings Channel reports. The fund owned 25,246 shares of the transportation company’s stock after buying an additional 3,474 shares during the period. Public Employees Retirement Association of Colorado’s holdings in XPO Logistics were worth $1,632,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in XPO Logistics by 24,470.3% in the first quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after buying an additional 5,991,806 shares during the last quarter. Vanguard Group Inc. boosted its stake in XPO Logistics by 7.8% in the first quarter. Vanguard Group Inc. now owns 8,432,238 shares of the transportation company’s stock worth $403,820,000 after buying an additional 606,812 shares during the last quarter. Clearbridge Investments LLC boosted its stake in XPO Logistics by 38.5% in the first quarter. Clearbridge Investments LLC now owns 1,432,620 shares of the transportation company’s stock worth $68,608,000 after buying an additional 398,346 shares during the last quarter. FMR LLC boosted its stake in XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after buying an additional 319,056 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new stake in XPO Logistics during the first quarter worth $14,498,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of XPO Logistics, Inc. (NYSE:XPO) opened at 55.63 on Friday. The firm’s 50-day moving average is $60.94 and its 200-day moving average is $53.43. The company has a market cap of $6.55 billion, a PE ratio of 63.72 and a beta of 2.31. XPO Logistics, Inc. has a 12 month low of $31.68 and a 12 month high of $65.44.

XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. On average, equities research analysts predict that XPO Logistics, Inc. will post $1.92 earnings per share for the current year.

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A number of analysts have weighed in on XPO shares. CIBC boosted their target price on shares of XPO Logistics from $58.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 target price (down previously from $78.00) on shares of XPO Logistics in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $63.00 target price (up previously from $58.00) on shares of XPO Logistics in a research note on Friday, May 12th. Credit Suisse Group boosted their target price on shares of XPO Logistics from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Finally, Zacks Investment Research cut shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. XPO Logistics presently has a consensus rating of “Buy” and a consensus price target of $66.73.

XPO Logistics Company Profile

XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.

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Institutional Ownership by Quarter for XPO Logistics (NYSE:XPO)

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