Levin Capital Strategies L.P. Takes Position in XPO Logistics, Inc. (NYSE:XPO)

Levin Capital Strategies L.P. acquired a new stake in XPO Logistics, Inc. (NYSE:XPO) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,000 shares of the transportation company’s stock, valued at approximately $699,000.

Several other hedge funds also recently added to or reduced their stakes in XPO. Aspire Private Capital LLC acquired a new position in shares of XPO Logistics in the 1st quarter worth approximately $25,000. Credit Agricole S A acquired a new position in shares of XPO Logistics in the 1st quarter worth approximately $37,000. Quadrant Capital Group LLC boosted its holdings in shares of XPO Logistics by 41.4% in the 1st quarter. Quadrant Capital Group LLC now owns 355 shares of the transportation company’s stock worth $44,000 after acquiring an additional 104 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of XPO Logistics by 130.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 461 shares of the transportation company’s stock worth $63,000 after acquiring an additional 261 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of XPO Logistics by 30.8% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 467 shares of the transportation company’s stock worth $57,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 75.15% of the company’s stock.

In other news, Director Jacobs Private Equity, Llc sold 2,875,000 shares of XPO Logistics stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 17.80% of the stock is currently owned by insiders.

Shares of NYSE:XPO opened at $83.82 on Thursday. The firm has a market cap of $9.61 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.63 and a beta of 2.16. The firm’s fifty day moving average is $99.07 and its 200-day moving average is $124.01. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.02 and a current ratio of 1.02. XPO Logistics, Inc. has a 52 week low of $46.88 and a 52 week high of $90.78.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, July 28th. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.15. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.86 billion. XPO Logistics had a net margin of 2.62% and a return on equity of 21.65%. Sell-side analysts forecast that XPO Logistics, Inc. will post 4.11 EPS for the current year.

XPO has been the topic of several recent analyst reports. Bank of America boosted their target price on XPO Logistics from $156.00 to $173.00 and gave the stock a “buy” rating in a report on Tuesday, June 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded XPO Logistics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 7th. Truist cut their price target on XPO Logistics from $185.00 to $105.00 and set an “in-line” rating on the stock in a research note on Friday, August 27th. UBS Group cut their price target on XPO Logistics from $160.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, August 5th. Finally, Cowen reissued a “buy” rating on shares of XPO Logistics in a research note on Friday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $132.38.

About XPO Logistics

XPO Logistics, Inc engages in the provision of supply chain solutions. It operates through the following segments: Transportation and Logistics. The Transportation segment includes truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation.

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

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