Swiss National Bank Boosts Stake in XPO Logistics, Inc. (XPO)

Swiss National Bank lifted its stake in XPO Logistics, Inc. (NYSE:XPO) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,014 shares of the transportation company’s stock after acquiring an additional 1,600 shares during the quarter. Swiss National Bank owned approximately 0.16% of XPO Logistics worth $11,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of XPO Logistics by 719.7% in the second quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock worth $101,957,000 after acquiring an additional 1,385,098 shares during the last quarter. DSAM Partners London Ltd acquired a new position in shares of XPO Logistics in the second quarter worth $15,913,000. FMR LLC increased its stake in shares of 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 acquiring an additional 319,056 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of XPO Logistics by 111.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 130,821 shares of the transportation company’s stock worth $8,455,000 after acquiring an additional 68,854 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of XPO Logistics by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 8,912 shares of the transportation company’s stock worth $576,000 after acquiring an additional 161 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

XPO has been the topic of a number of research reports. Cowen and Company reaffirmed an “outperform” rating and issued a $60.00 price target on shares of XPO Logistics in a research note on Monday, May 22nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $75.00 price target on shares of XPO Logistics in a research note on Monday, June 5th. BidaskClub raised shares of XPO Logistics from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Bank of America Corporation began coverage on shares of XPO Logistics in a research report on Wednesday, June 28th. They set a “buy” rating and a $72.00 target price on the stock. Finally, KeyCorp increased their target price on shares of XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $67.33.

Shares of XPO Logistics, Inc. (XPO) opened at 62.55 on Wednesday. The firm’s 50-day moving average is $58.75 and its 200-day moving average is $55.24. The company has a market capitalization of $7.37 billion, a PE ratio of 71.65 and a beta of 2.28. 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 quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the business earned $0.42 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that XPO Logistics, Inc. will post $1.92 EPS for the current fiscal year.

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XPO Logistics 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.

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

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