Oakmont Corp buys $29.1 Million stake in XPO Logistics Inc (XPO)

XPO Logistics Inc (XPO) : Oakmont Corp scooped up 499,050 additional shares in XPO Logistics Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,118,800 shares of XPO Logistics Inc which is valued at $29.1 Million.XPO Logistics Inc makes up approximately 4.91% of Oakmont Corp’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in XPO in the latest quarter, The investment management firm added 5,106 additional shares and now holds a total of 72,174 shares of XPO Logistics Inc which is valued at $1.9 Million. Fieldpoint Private Advisors Inc sold out all of its stake in XPO during the most recent quarter. The investment firm sold 66,785 shares of XPO which is valued $1.7 Million.Teacher Retirement System Of Texas boosted its stake in XPO in the latest quarter, The investment management firm added 4,625 additional shares and now holds a total of 13,351 shares of XPO Logistics Inc which is valued at $347,126.Wellington Shields Capital Management reduced its stake in XPO by selling 5,900 shares or 36.53% in the most recent quarter. The Hedge Fund company now holds 10,250 shares of XPO which is valued at $271,625. XPO Logistics Inc makes up approx 0.05% of Wellington Shields Capital Management’s portfolio. Nisa Investment Advisors L.l.c. added XPO to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $18,084.

XPO Logistics Inc opened for trading at $26.19 and hit $27.195 on the upside on Friday, eventually ending the session at $27.1, with a gain of 4.35% or 1.13 points. The heightened volatility saw the trading volume jump to 17,76,699 shares. Company has a market cap of $2,981 M.

On the company’s financial health, XPO Logistics Inc reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.18. The company had revenue of $3545.70 million for the quarter, compared to analysts expectations of $3569.16 million. The company’s revenue was up 404.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on XPO Logistics Inc. Buckingham Research Initiated XPO Logistics Inc on May 17, 2016 to “Buy”, Price Target of the shares are set at $38.Shares were Reiterated by Cowen on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 36 from a previous price target of $44 .XPO Logistics Inc was Initiated by Morgan Stanley to “Overweight” on Feb 23, 2016.

XPO Logistics Inc. is a provider of transportation logistics services and a provider of engineered technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage intermodal last mile expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services including warehousing and distribution reverse logistics transportation management freight bill audit and payment aftermarket support and supply chain optimization for its clients. Its services include truckload transportation last mile logistics engineered supply chain solutions warehousing and distribution ground and air expedite intermodal global forwarding and managed transportation. It also offers truckload transportation in North America.

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