American Century Companies Inc. Has $231.56 Million Stake in XPO Logistics Inc (XPO)

American Century Companies Inc. cut its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 17.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,528,203 shares of the transportation company’s stock after selling 541,877 shares during the period. American Century Companies Inc.’s holdings in XPO Logistics were worth $231,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of XPO. Principal Financial Group Inc. boosted its position in shares of XPO Logistics by 60.2% during the second quarter. Principal Financial Group Inc. now owns 18,908 shares of the transportation company’s stock worth $1,222,000 after buying an additional 7,103 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of XPO Logistics by 26.9% during the second quarter. UBS Asset Management Americas Inc. now owns 72,987 shares of the transportation company’s stock worth $4,717,000 after buying an additional 15,493 shares during the period. Stifel Financial Corp boosted its position in shares of XPO Logistics by 55.1% during the second quarter. Stifel Financial Corp now owns 44,250 shares of the transportation company’s stock worth $2,843,000 after buying an additional 15,720 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in shares of XPO Logistics by 814.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 170,097 shares of the transportation company’s stock worth $10,992,000 after buying an additional 151,503 shares during the period. Finally, Sciencast Management LP acquired a new position in shares of XPO Logistics during the second quarter worth approximately $271,000.

Several brokerages have recently issued reports on XPO. Zacks Investment Research downgraded XPO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. KeyCorp reiterated a “buy” rating and set a $110.00 price objective on shares of XPO Logistics in a research report on Friday, January 12th. Credit Suisse Group restated an “outperform” rating and issued a $106.00 target price (up from $79.00) on shares of XPO Logistics in a research report on Thursday, January 11th. Oppenheimer restated a “buy” rating and issued a $104.00 target price on shares of XPO Logistics in a research report on Tuesday, January 9th. Finally, Citigroup restated an “outperform” rating and issued a $104.00 target price (up from $85.00) on shares of XPO Logistics in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. XPO Logistics has an average rating of “Buy” and a consensus target price of $89.50.

Shares of XPO Logistics Inc (NYSE:XPO) opened at $89.74 on Tuesday. The firm has a market capitalization of $11,247.45, a P/E ratio of 74.78, a price-to-earnings-growth ratio of 0.81 and a beta of 2.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. XPO Logistics Inc has a 52-week low of $43.39 and a 52-week high of $98.37.

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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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