XPO Logistics Inc (NYSE:XPO) Sees Large Growth in Short Interest

XPO Logistics Inc (NYSE:XPO) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 12,182,700 shares, a growth of 5.5% from the May 15th total of 11,544,000 shares. Currently, 11.4% of the company’s stock are short sold. Based on an average daily volume of 1,640,000 shares, the short-interest ratio is presently 7.4 days.

Hedge funds and other institutional investors have recently modified their holdings of the business. Meridian Wealth Management LLC lifted its holdings in shares of XPO Logistics by 160.0% in the 2nd quarter. Meridian Wealth Management LLC now owns 1,625 shares of the transportation company’s stock worth $94,000 after purchasing an additional 1,000 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of XPO Logistics by 415.9% in the 2nd quarter. New York State Teachers Retirement System now owns 35,594 shares of the transportation company’s stock worth $2,058,000 after purchasing an additional 28,694 shares in the last quarter. Gilman Hill Asset Management LLC lifted its holdings in shares of XPO Logistics by 14.3% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 12,870 shares of the transportation company’s stock worth $744,000 after purchasing an additional 1,615 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of XPO Logistics by 32.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 37,288 shares of the transportation company’s stock worth $2,156,000 after purchasing an additional 9,191 shares in the last quarter. Finally, Truvestments Capital LLC lifted its holdings in shares of XPO Logistics by 39.7% in the 2nd quarter. Truvestments Capital LLC now owns 2,859 shares of the transportation company’s stock worth $165,000 after purchasing an additional 812 shares in the last quarter. 88.25% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on XPO. ValuEngine upgraded shares of XPO Logistics from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. Zacks Investment Research downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Cowen set a $150.00 target price on shares of Tesla and gave the stock a “sell” rating in a report on Friday, May 3rd. Goldman Sachs Group downgraded shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday, July 10th. Finally, Deutsche Bank boosted their target price on shares of Keysight Technologies from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $82.80.

Shares of XPO Logistics stock traded up $1.71 during trading on Friday, reaching $62.01. The company’s stock had a trading volume of 878,642 shares, compared to its average volume of 1,206,343. XPO Logistics has a 52 week low of $41.05 and a 52 week high of $116.27. The firm’s 50-day moving average price is $56.08. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 0.60 and a beta of 2.34.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.25 billion. XPO Logistics had a net margin of 2.30% and a return on equity of 11.26%. XPO Logistics’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, equities analysts forecast that XPO Logistics will post 3.51 EPS for the current year.

About XPO Logistics

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.

See Also: Gross Domestic Product (GDP)

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