Zevenbergen Capital Investments buys $100.2 Million stake in XPO Logistics Inc (XPO)

XPO Logistics Inc (XPO) : Zevenbergen Capital Investments scooped up 60,930 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 11, 2016. The investment management firm now holds a total of 3,855,255 shares of XPO Logistics Inc which is valued at $100.2 Million.XPO Logistics Inc makes up approximately 4.70% of Zevenbergen Capital Investments’s portfolio.

Other Hedge Funds, Including , Public Employees Retirement Association Of Colorado boosted its stake in XPO in the latest quarter, The investment management firm added 8,409 additional shares and now holds a total of 21,772 shares of XPO Logistics Inc which is valued at $656,208. XPO Logistics Inc makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Deltec Asset Management reduced its stake in XPO by selling 405,402 shares or 87.08% in the most recent quarter. The Hedge Fund company now holds 60,161 shares of XPO which is valued at $1.8 Million. XPO Logistics Inc makes up approx 0.45% of Deltec Asset Management’s portfolio.Advisors Capital Management boosted its stake in XPO in the latest quarter, The investment management firm added 121,604 additional shares and now holds a total of 198,033 shares of XPO Logistics Inc which is valued at $6 Million. XPO Logistics Inc makes up approx 0.61% of Advisors Capital Management’s portfolio.Glenmede Trust Co Na boosted its stake in XPO in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 1,850 shares of XPO Logistics Inc which is valued at $55,759.

XPO Logistics Inc closed down -0.25 points or -0.96% at $25.75 with 12,89,703 shares getting traded on Monday. Post opening the session at $26.21, the shares hit an intraday low of $25.33 and an intraday high of $26.27 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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