Gladius Capital Management LP Invests $215,000 in XPO Logistics, Inc. (NYSE:XPO)

Gladius Capital Management LP bought a new position in XPO Logistics, Inc. (NYSE:XPOGet Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,767 shares of the transportation company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MFN Partners Management LP boosted its position in shares of XPO Logistics by 180.3% during the third quarter. MFN Partners Management LP now owns 3,575,369 shares of the transportation company’s stock valued at $284,528,000 after buying an additional 2,300,000 shares during the last quarter. Empyrean Capital Partners LP boosted its position in shares of XPO Logistics by 72.4% during the third quarter. Empyrean Capital Partners LP now owns 1,350,000 shares of the transportation company’s stock valued at $107,433,000 after buying an additional 567,038 shares during the last quarter. Balyasny Asset Management LLC boosted its position in shares of XPO Logistics by 632.9% during the third quarter. Balyasny Asset Management LLC now owns 605,590 shares of the transportation company’s stock valued at $48,193,000 after buying an additional 522,956 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of XPO Logistics by 222.1% during the third quarter. Schonfeld Strategic Advisors LLC now owns 301,066 shares of the transportation company’s stock valued at $23,959,000 after buying an additional 207,596 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of XPO Logistics during the fourth quarter valued at $14,988,000. 73.14% of the stock is currently owned by hedge funds and other institutional investors.

XPO traded down $2.26 on Friday, hitting $53.79. 1,384,197 shares of the company’s stock traded hands, compared to its average volume of 1,955,484. The company’s 50 day simple moving average is $66.72 and its 200-day simple moving average is $71.85. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 0.87 and a beta of 2.00. XPO Logistics, Inc. has a one year low of $51.80 and a one year high of $90.78. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.09.

XPO Logistics (NYSE:XPOGet Rating) last issued its earnings results on Tuesday, February 8th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.35. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.25 billion. XPO Logistics had a return on equity of 31.71% and a net margin of 2.04%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $1.19 EPS. As a group, equities analysts anticipate that XPO Logistics, Inc. will post 5.22 EPS for the current fiscal year.

In related 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 stock was sold at an average price of $55.80, for a total transaction of $303,970,500.00. Following the sale, the insider now owns 6,468,201 shares of the company’s stock, valued at approximately $360,925,615.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.80% of the stock is currently owned by company insiders.

XPO has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on XPO Logistics from $112.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, March 9th. Bank of America raised XPO Logistics from a “neutral” rating to a “buy” rating and increased their price objective for the company from $70.00 to $96.00 in a research report on Friday, March 11th. KeyCorp dropped their price objective on XPO Logistics from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, February 10th. Barclays lowered their target price on XPO Logistics from $110.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, January 14th. Finally, Stifel Nicolaus lowered their target price on XPO Logistics to $92.00 and set a “buy” rating on the stock in a report on Tuesday, March 29th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $110.19.

XPO Logistics Company 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.

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

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