State of Tennessee Treasury Department Takes Position in XPO Logistics Inc (NYSE:XPO)

State of Tennessee Treasury Department purchased a new stake in shares of XPO Logistics Inc (NYSE:XPO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,000 shares of the transportation company’s stock, valued at approximately $2,147,000.

A number of other large investors also recently added to or reduced their stakes in the business. BB&T Securities LLC lifted its stake in XPO Logistics by 4.3% in the third quarter. BB&T Securities LLC now owns 20,994 shares of the transportation company’s stock valued at $1,506,000 after buying an additional 856 shares during the period. Chase Investment Counsel Corp acquired a new position in XPO Logistics in the third quarter valued at about $2,676,000. Janney Montgomery Scott LLC lifted its stake in XPO Logistics by 137.9% in the third quarter. Janney Montgomery Scott LLC now owns 9,250 shares of the transportation company’s stock valued at $662,000 after buying an additional 5,361 shares during the period. Dupont Capital Management Corp lifted its stake in XPO Logistics by 19.4% in the third quarter. Dupont Capital Management Corp now owns 11,346 shares of the transportation company’s stock valued at $812,000 after buying an additional 1,846 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in XPO Logistics by 11.0% in the third quarter. New York State Teachers Retirement System now owns 39,494 shares of the transportation company’s stock valued at $2,827,000 after buying an additional 3,900 shares during the period.

NYSE XPO opened at $84.64 on Friday. The firm has a market cap of $7.82 billion, a P/E ratio of 26.53, a P/E/G ratio of 0.69 and a beta of 2.48. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50-day moving average is $75.18 and its 200-day moving average is $65.71. XPO Logistics Inc has a one year low of $41.05 and a one year high of $86.47.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Monday, October 28th. The transportation company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.15. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.27 billion. XPO Logistics had a return on equity of 13.87% and a net margin of 2.31%. XPO Logistics’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Equities analysts anticipate that XPO Logistics Inc will post 3.99 EPS for the current year.

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Several equities analysts have weighed in on the company. TheStreet raised XPO Logistics from a “c+” rating to a “b” rating in a research note on Friday, August 2nd. Morgan Stanley reissued a “hold” rating and issued a $84.00 target price on shares of XPO Logistics in a research note on Thursday. Bank of America lowered XPO Logistics from a “buy” rating to a “neutral” rating and increased their target price for the company from $76.00 to $87.00 in a research note on Wednesday, October 30th. Credit Suisse Group increased their target price on XPO Logistics from $79.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Loop Capital lowered XPO Logistics from a “buy” rating to a “hold” rating and increased their target price for the company from $65.00 to $70.00 in a research note on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.53.

In other XPO Logistics news, Director Jason D. Papastavrou purchased 1,375 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average price of $75.42 per share, with a total value of $103,702.50. Following the completion of the transaction, the director now directly owns 13,875 shares in the company, valued at approximately $1,046,452.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 18.70% of the company’s stock.

XPO Logistics Profile

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.

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

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