Schwab Charles Investment Management Inc. Has $21.52 Million Stake in XPO Logistics, Inc. (XPO)

Schwab Charles Investment Management Inc. reduced its holdings in shares of XPO Logistics, Inc. (NYSE:XPO) by 30.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,467 shares of the transportation company’s stock after selling 138,818 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.26% of XPO Logistics worth $21,518,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in XPO Logistics by 8.5% in the second quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock valued at $591,414,000 after acquiring an additional 718,511 shares during the last quarter. American Century Companies Inc. boosted its stake in XPO Logistics by 94.6% in the third quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock valued at $208,090,000 after acquiring an additional 1,492,525 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in XPO Logistics by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,953 shares of the transportation company’s stock valued at $190,725,000 after acquiring an additional 85,621 shares during the last quarter. FMR LLC boosted its stake in XPO Logistics by 73.3% in the second quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock valued at $187,026,000 after acquiring an additional 1,223,543 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in XPO Logistics by 37.7% in the third quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock valued at $149,485,000 after acquiring an additional 603,866 shares during the last quarter.

XPO has been the topic of several research reports. J P Morgan Chase & Co boosted their price target on shares of XPO Logistics from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Goldman Sachs Group initiated coverage on shares of XPO Logistics in a report on Monday, November 13th. They set a “buy” rating and a $90.00 target price on the stock. KeyCorp reaffirmed a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a report on Thursday, October 12th. Cowen upped their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, November 3rd. Finally, Stifel Nicolaus upped their target price on shares of XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Three research analysts have rated the stock with a hold rating, sixteen have assigned 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 an average price target of $77.59.

Shares of XPO Logistics, Inc. (XPO) traded up $1.38 on Friday, reaching $77.51. 1,145,514 shares of the company’s stock traded hands, compared to its average volume of 1,380,000. The stock has a market cap of $9,290.00, a PE ratio of 44.80, a P/E/G ratio of 1.12 and a beta of 2.51. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. XPO Logistics, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $80.10.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. analysts predict that XPO Logistics, Inc. will post 1.92 earnings per share 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.

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

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