Verition Fund Management LLC Buys 13,542 Shares of XPO Logistics, Inc. (NYSE:XPO)

Verition Fund Management LLC increased its stake in XPO Logistics, Inc. (NYSE:XPO) by 287.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,254 shares of the transportation company’s stock after acquiring an additional 13,542 shares during the quarter. Verition Fund Management LLC’s holdings in XPO Logistics were worth $2,251,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in XPO Logistics by 12.9% in the 1st quarter. BlackRock Inc. now owns 9,405,154 shares of the transportation company’s stock valued at $1,159,655,000 after acquiring an additional 1,077,220 shares during the period. Clearbridge Investments LLC lifted its stake in XPO Logistics by 1.0% in the first quarter. Clearbridge Investments LLC now owns 1,806,787 shares of the transportation company’s stock worth $222,777,000 after acquiring an additional 18,334 shares during the period. Fred Alger Management LLC increased its holdings in shares of XPO Logistics by 9.8% during the first quarter. Fred Alger Management LLC now owns 1,750,069 shares of the transportation company’s stock valued at $215,784,000 after acquiring an additional 155,699 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of XPO Logistics by 37.8% during the first quarter. Federated Hermes Inc. now owns 1,238,700 shares of the transportation company’s stock valued at $152,732,000 after acquiring an additional 339,614 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of XPO Logistics by 11.7% during the first quarter. Geode Capital Management LLC now owns 1,188,182 shares of the transportation company’s stock valued at $146,326,000 after buying an additional 124,723 shares during the last quarter. Institutional investors own 73.29% of the company’s stock.

In related news, Director Jacobs Private Equity, Llc sold 2,875,000 shares of the business’s stock in a transaction that occurred on Thursday, July 1st. The shares were sold at an average price of $133.86, for a total transaction of $384,847,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Robinson sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 16th. The shares were sold at an average price of $151.54, for a total transaction of $1,515,400.00. Following the completion of the sale, the chief accounting officer now directly owns 65,157 shares of the company’s stock, valued at approximately $9,873,891.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,395,725 shares of company stock worth $458,515,206. Company insiders own 17.80% of the company’s stock.

A number of research firms have recently weighed in on XPO. Wells Fargo & Company lifted their price objective on XPO Logistics from $158.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, June 18th. Stephens upped their target price on XPO Logistics from $135.00 to $155.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 5th. Zacks Investment Research lowered XPO Logistics from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 9th. KeyCorp increased their price objective on XPO Logistics from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, June 10th. Finally, Barclays upped their target price on XPO Logistics from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, June 18th. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. XPO Logistics has an average rating of “Buy” and an average price target of $157.96.

Shares of XPO opened at $143.16 on Thursday. The company has a market cap of $15.99 billion, a P/E ratio of 49.44, a PEG ratio of 1.86 and a beta of 2.16. XPO Logistics, Inc. has a one year low of $72.21 and a one year high of $153.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77. The stock has a fifty day moving average price of $144.00.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Sunday, May 2nd. The transportation company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.49. XPO Logistics had a net margin of 1.17% and a return on equity of 12.79%. The company had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue was up 23.6% compared to the same quarter last year. As a group, equities research analysts forecast that XPO Logistics, Inc. will post 6.32 EPS for the current year.

XPO Logistics Company Profile

XPO Logistics, Inc provides supply chain solutions in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, Transportation and Logistics. The Transportation segment offers less-than-truckload (LTL) services, such as density and day-definite regional, inter-regional, and transcontinental LTL freight services through a network of tractors, trailers, professional drivers, and terminals; and truck brokerage services.

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

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