Allianz Asset Management GmbH Sells 38,487 Shares of XPO Logistics, Inc. (NYSE:XPO)

Allianz Asset Management GmbH trimmed its stake in shares of XPO Logistics, Inc. (NYSE:XPOGet Rating) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,688 shares of the transportation company’s stock after selling 38,487 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.43% of XPO Logistics worth $38,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Liontrust Investment Partners LLP raised its position in shares of XPO Logistics by 100.0% during the fourth quarter. Liontrust Investment Partners LLP now owns 20,000 shares of the transportation company’s stock worth $1,549,000 after acquiring an additional 10,000 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of XPO Logistics by 16.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 23,958 shares of the transportation company’s stock worth $1,855,000 after acquiring an additional 3,310 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in XPO Logistics by 2.0% during the third quarter. The Manufacturers Life Insurance Company now owns 113,442 shares of the transportation company’s stock worth $9,028,000 after purchasing an additional 2,272 shares during the period. Hudson Bay Capital Management LP grew its stake in XPO Logistics by 124.6% during the third quarter. Hudson Bay Capital Management LP now owns 146,000 shares of the transportation company’s stock worth $11,619,000 after purchasing an additional 81,000 shares during the period. Finally, Kingsview Wealth Management LLC grew its stake in XPO Logistics by 3.1% during the third quarter. Kingsview Wealth Management LLC now owns 16,927 shares of the transportation company’s stock worth $1,347,000 after purchasing an additional 512 shares during the period. Institutional investors own 99.18% of the company’s stock.

In other XPO Logistics news, major shareholder Jacobs Private Equity, Llc sold 5,447,500 shares of XPO Logistics stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $55.80, for a total transaction of $303,970,500.00. Following the completion of the sale, the insider now directly owns 6,468,201 shares in the company, valued at $360,925,615.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 17.80% of the company’s stock.

Several equities research analysts recently commented on XPO shares. Bank of America raised XPO Logistics from a “neutral” rating to a “buy” rating and raised their target price for the stock from $70.00 to $96.00 in a research note on Friday, March 11th. Evercore ISI assumed coverage on XPO Logistics in a research note on Friday, February 25th. They issued an “outperform” rating and a $91.00 price objective for the company. JPMorgan Chase & Co. cut their target price on XPO Logistics from $94.00 to $90.00 in a research report on Friday, April 8th. Susquehanna cut their target price on XPO Logistics from $97.00 to $96.00 in a research report on Wednesday, May 11th. Finally, TheStreet cut XPO Logistics from a “b” rating to a “c” rating in a research report on Monday, May 9th. Two investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $94.86.

Shares of XPO opened at $49.63 on Friday. The firm has a market cap of $5.71 billion, a PE ratio of 8.06, a PEG ratio of 0.72 and a beta of 2.07. The stock’s fifty day moving average price is $61.72 and its two-hundred day moving average price is $68.53. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 1.04. XPO Logistics, Inc. has a 1 year low of $47.31 and a 1 year high of $90.78.

XPO Logistics (NYSE:XPOGet Rating) last issued its earnings results on Monday, May 9th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.32. XPO Logistics had a return on equity of 36.79% and a net margin of 4.68%. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.22 billion. During the same period in the previous year, the company posted $1.46 earnings per share. The business’s revenue was up 16.2% on a year-over-year basis. Sell-side analysts anticipate that XPO Logistics, Inc. will post 5.48 earnings per share for the current fiscal year.

XPO Logistics Profile (Get Rating)

XPO Logistics, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and Brokerage and Other Services. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite regional, inter-regional, and transcontinental LTL freight services.

Featured Articles

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

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.