Short Interest in XPO Logistics, Inc. (NYSE:XPO) Rises By 25.8%

XPO Logistics, Inc. (NYSE:XPOGet Rating) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 4,930,000 shares, an increase of 25.8% from the March 31st total of 3,920,000 shares. Currently, 4.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,760,000 shares, the days-to-cover ratio is currently 2.8 days.

NYSE:XPO opened at $54.77 on Tuesday. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 0.89 and a beta of 2.00. XPO Logistics has a 1 year low of $51.80 and a 1 year high of $90.78. The stock’s 50 day simple moving average is $66.44 and its two-hundred day simple moving average is $71.60. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.05 and a quick ratio of 1.05.

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

In other XPO Logistics news, major shareholder Jacobs Private Equity, Llc sold 5,447,500 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 6,468,201 shares in the company, valued at approximately $360,925,615.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 17.80% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Capital Analysts LLC lifted its holdings in shares of XPO Logistics by 217.8% in the 3rd quarter. Capital Analysts LLC now owns 321 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 220 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in XPO Logistics by 216.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 395 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 270 shares during the period. First Community Trust NA bought a new stake in shares of XPO Logistics in the 4th quarter valued at approximately $39,000. Allworth Financial LP increased its position in shares of XPO Logistics by 155.5% during the 1st quarter. Allworth Financial LP now owns 580 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 353 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in XPO Logistics by 5,175.0% during the 1st quarter. Parallel Advisors LLC now owns 633 shares of the transportation company’s stock valued at $48,000 after buying an additional 621 shares during the period. Hedge funds and other institutional investors own 99.18% of the company’s stock.

Several brokerages recently commented on XPO. Wells Fargo & Company lifted their price objective on XPO Logistics from $112.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, March 9th. JPMorgan Chase & Co. lowered their price objective on shares of XPO Logistics from $94.00 to $90.00 in a research note on Friday, April 8th. Cowen boosted their target price on shares of XPO Logistics from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, March 9th. KeyCorp decreased their price target on shares of XPO Logistics from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, February 10th. Finally, Evercore ISI initiated coverage on shares of XPO Logistics in a research report on Friday, February 25th. They set an “outperform” rating and a $91.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $108.12.

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.

Recommended Stories

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.