Royal London Asset Management Ltd. Has $2.42 Million Stock Holdings in XPO Logistics Inc (NYSE:XPO)

Royal London Asset Management Ltd. decreased its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 23.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,814 shares of the transportation company’s stock after selling 12,587 shares during the period. Royal London Asset Management Ltd.’s holdings in XPO Logistics were worth $2,415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Aperio Group LLC boosted its position in XPO Logistics by 9.1% during the second quarter. Aperio Group LLC now owns 36,453 shares of the transportation company’s stock worth $2,107,000 after purchasing an additional 3,038 shares during the period. Great Valley Advisor Group Inc. bought a new position in XPO Logistics during the second quarter worth about $3,748,000. Dupont Capital Management Corp boosted its position in XPO Logistics by 9.2% during the second quarter. Dupont Capital Management Corp now owns 9,500 shares of the transportation company’s stock worth $549,000 after purchasing an additional 800 shares during the period. First Trust Advisors LP boosted its position in XPO Logistics by 817.9% during the second quarter. First Trust Advisors LP now owns 67,146 shares of the transportation company’s stock worth $3,882,000 after purchasing an additional 59,831 shares during the period. Finally, Highland Capital Management LLC boosted its position in XPO Logistics by 9.7% during the second quarter. Highland Capital Management LLC now owns 25,451 shares of the transportation company’s stock worth $1,471,000 after purchasing an additional 2,259 shares during the period. Hedge funds and other institutional investors own 88.25% of the company’s stock.

XPO has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of XPO Logistics from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, August 5th. They noted that the move was a valuation call. Goldman Sachs Group initiated coverage on shares of XPO Logistics in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $65.00 price objective for the company. Barclays raised their price objective on shares of XPO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Morgan Stanley set a $68.00 price objective on shares of XPO Logistics and gave the company a “hold” rating in a research report on Monday, July 8th. Finally, Cowen raised their price objective on shares of XPO Logistics from $84.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $83.17.

Shares of XPO Logistics stock opened at $65.04 on Friday. XPO Logistics Inc has a 1 year low of $41.05 and a 1 year high of $116.27. The firm has a market cap of $6.23 billion, a PE ratio of 20.39, a PEG ratio of 0.57 and a beta of 2.39. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50 day simple moving average of $62.66 and a two-hundred day simple moving average of $58.02.

XPO Logistics (NYSE:XPO) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.24. XPO Logistics had a net margin of 2.16% and a return on equity of 11.92%. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the business posted $0.98 earnings per share. XPO Logistics’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, research analysts anticipate that XPO Logistics Inc will post 3.82 earnings per share for the current year.

XPO Logistics Company 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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