Cubist Systematic Strategies LLC trimmed its holdings in XPO Logistics, Inc. (NYSE:XPO) by 81.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,916 shares of the transportation company’s stock after selling 97,445 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in XPO Logistics were worth $1,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. IHT Wealth Management LLC bought a new position in shares of XPO Logistics in the 2nd quarter worth about $1,147,000. K.J. Harrison & Partners Inc bought a new position in shares of XPO Logistics in the 3rd quarter worth about $847,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of XPO Logistics in the 3rd quarter worth about $102,000. Advisors Asset Management Inc. increased its stake in shares of XPO Logistics by 18.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after acquiring an additional 466 shares in the last quarter. Finally, Argent Trust Co bought a new position in shares of XPO Logistics in the 2nd quarter worth about $205,000.
XPO has been the subject of several research reports. Cowen reiterated a “buy” rating and issued a $69.00 price target on shares of XPO Logistics in a research note on Thursday, September 7th. Deutsche Bank restated a “buy” rating and set a $110.00 price objective on shares of XPO Logistics in a research note on Friday, November 3rd. CIBC reduced their price objective on shares of XPO Logistics from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Monday, November 20th. Goldman Sachs Group started coverage on shares of XPO Logistics in a research note on Monday, November 13th. They set a “buy” rating and a $90.00 price objective for the company. Finally, J P Morgan Chase & Co raised their price objective on shares of XPO Logistics from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. XPO Logistics presently has an average rating of “Buy” and an average price target of $77.59.
Shares of XPO Logistics, Inc. (NYSE XPO) traded up $1.38 during mid-day trading on Friday, hitting $77.51. 1,148,743 shares of the stock were exchanged, compared to its average volume of 1,182,347. XPO Logistics, Inc. has a 52-week low of $42.07 and a 52-week high of $80.10. The company has a market capitalization of $9,126.71, a price-to-earnings ratio of 44.01, a PEG ratio of 1.10 and a beta of 2.52. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. sell-side analysts forecast that XPO Logistics, Inc. will post 1.92 EPS for the current year.
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XPO Logistics Company Profile
XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.
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