XPO Logistics Inc (XPO) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC boosted its stake in shares of XPO Logistics Inc (NYSE:XPO) by 83.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,877 shares of the transportation company’s stock after purchasing an additional 16,786 shares during the period. Verition Fund Management LLC’s holdings in XPO Logistics were worth $3,754,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in XPO. Zurcher Kantonalbank Zurich Cantonalbank grew its position in XPO Logistics by 46.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,232 shares of the transportation company’s stock worth $571,000 after purchasing an additional 1,987 shares during the last quarter. Aperio Group LLC grew its position in XPO Logistics by 9.7% during the 4th quarter. Aperio Group LLC now owns 13,155 shares of the transportation company’s stock worth $1,205,000 after purchasing an additional 1,159 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in XPO Logistics by 3.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 24,359 shares of the transportation company’s stock worth $2,231,000 after purchasing an additional 818 shares during the last quarter. Teacher Retirement System of Texas grew its position in XPO Logistics by 340.0% during the 4th quarter. Teacher Retirement System of Texas now owns 40,539 shares of the transportation company’s stock worth $3,713,000 after purchasing an additional 31,325 shares during the last quarter. Finally, M&T Bank Corp grew its position in XPO Logistics by 190.0% during the 4th quarter. M&T Bank Corp now owns 29,120 shares of the transportation company’s stock worth $2,667,000 after purchasing an additional 19,079 shares during the last quarter.

XPO stock opened at $112.23 on Thursday. The firm has a market capitalization of $13.45 billion, a PE ratio of 57.06, a price-to-earnings-growth ratio of 1.05 and a beta of 2.46. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13. XPO Logistics Inc has a 12 month low of $54.34 and a 12 month high of $115.49.



XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, May 2nd. The transportation company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. XPO Logistics had a net margin of 2.34% and a return on equity of 7.95%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. research analysts expect that XPO Logistics Inc will post 3.49 EPS for the current fiscal year.

XPO has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, April 14th. Vetr raised shares of XPO Logistics from a “hold” rating to a “strong-buy” rating and set a $115.78 target price on the stock in a research report on Tuesday, April 10th. Barclays reissued an “overweight” rating and set a $130.00 target price on shares of XPO Logistics in a research report on Tuesday, April 17th. Bank of America reissued a “buy” rating and set a $105.00 target price on shares of XPO Logistics in a research report on Friday, May 4th. Finally, Deutsche Bank set a $133.00 target price on shares of XPO Logistics and gave the stock a “buy” rating in a research report on Sunday, February 25th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. XPO Logistics currently has an average rating of “Buy” and an average target price of $105.60.

XPO Logistics Company Profile

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

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

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