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Saudi Central Bank Buys New Stake in XPO; EPS Tops Forecast

XPO Logistics logoXPO Logistics
Sig1.85Sen+2.15Env0.00Soc0.00Gov+0.75

Parallel Advisors LLC and V Square Quantitative Management LLC increased holdings in XPO in the last quarter, while Saudi Central Bank bought a new stake in the company in Q2, per an SEC filing. XPO reported quarterly EPS of $1.70 and revenue of $2.35B, both above consensus estimates. Analyst notes ranged from Strong Buy to Sell, and Susquehanna raised its target to $214 with a neutral view.

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