Columbia Partners L L C Investment Management reduced its stake in XPO Logistics, Inc. (NYSE:XPO) by 22.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,401 shares of the transportation company’s stock after selling 17,400 shares during the period. Columbia Partners L L C Investment Management owned approximately 0.05% of XPO Logistics worth $3,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in XPO. BlackRock Inc. grew its stake in shares of XPO Logistics by 24,470.3% in the 1st quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock valued at $288,120,000 after purchasing an additional 5,991,806 shares during the period. American Century Companies Inc. grew its stake in shares of XPO Logistics by 719.7% in the 2nd quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock valued at $101,957,000 after purchasing an additional 1,385,098 shares during the period. Vanguard Group Inc. grew its stake in shares of XPO Logistics by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 8,432,238 shares of the transportation company’s stock valued at $403,820,000 after purchasing an additional 606,812 shares during the period. Victory Capital Management Inc. grew its stake in shares of XPO Logistics by 43.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,601,569 shares of the transportation company’s stock valued at $103,509,000 after purchasing an additional 485,053 shares during the period. Finally, Federated Investors Inc. PA grew its stake in shares of XPO Logistics by 331.6% in the 2nd quarter. Federated Investors Inc. PA now owns 553,402 shares of the transportation company’s stock valued at $35,766,000 after purchasing an additional 425,189 shares during the period. Institutional investors own 89.54% of the company’s stock.

XPO Logistics, Inc. (XPO) traded up 0.59% during midday trading on Monday, reaching $61.19. The company had a trading volume of 322,602 shares. The company has a market capitalization of $7.21 billion, a PE ratio of 70.09 and a beta of 2.28. The stock’s 50 day moving average is $58.79 and its 200 day moving average is $55.47. XPO Logistics, Inc. has a one year low of $31.68 and a one year high of $65.44.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 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 business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that XPO Logistics, Inc. will post $1.91 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. upped their price objective on XPO Logistics from $63.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. Morgan Stanley reiterated an “overweight” rating and issued a $75.00 price objective (up from $60.00) on shares of XPO Logistics in a research note on Tuesday, July 25th. BidaskClub upgraded XPO Logistics from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Zacks Investment Research lowered XPO Logistics from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $60.00 price objective on shares of XPO Logistics in a research note on Monday, May 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $67.33.

About XPO Logistics

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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