Wealth Enhancement Advisory Services LLC bought a new stake in XPO Logistics Inc (NYSE:XPO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,349 shares of the transportation company’s stock, valued at approximately $508,000.
Several other institutional investors have also made changes to their positions in XPO. Suffolk Capital Management LLC bought a new stake in XPO Logistics during the third quarter worth about $15,747,000. Point72 Asset Management L.P. lifted its position in XPO Logistics by 51.3% during the third quarter. Point72 Asset Management L.P. now owns 229,039 shares of the transportation company’s stock worth $15,524,000 after purchasing an additional 77,649 shares during the period. Bank of New York Mellon Corp lifted its position in XPO Logistics by 7.7% during the third quarter. Bank of New York Mellon Corp now owns 366,878 shares of the transportation company’s stock worth $24,867,000 after purchasing an additional 26,095 shares during the period. Sit Investment Associates Inc. lifted its position in XPO Logistics by 120.3% during the third quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock worth $1,683,000 after purchasing an additional 13,560 shares during the period. Finally, AXA lifted its position in XPO Logistics by 47.1% during the third quarter. AXA now owns 200,800 shares of the transportation company’s stock worth $13,610,000 after purchasing an additional 64,300 shares during the period.
Several brokerages have commented on XPO. Deutsche Bank reissued a “buy” rating on shares of XPO Logistics in a research note on Friday, December 22nd. Goldman Sachs Group began coverage on XPO Logistics in a research note on Monday, November 13th. They set a “buy” rating and a $90.00 target price for the company. Credit Suisse Group reissued an “outperform” rating and set a $106.00 target price (up previously from $79.00) on shares of XPO Logistics in a research note on Thursday, January 11th. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Saturday, January 6th. Finally, Cowen boosted their target price on XPO Logistics from $69.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $96.20.
XPO Logistics Inc (NYSE XPO) traded up $4.19 during trading on Monday, hitting $90.20. The stock had a trading volume of 3,445,732 shares, compared to its average volume of 1,500,000. XPO Logistics Inc has a one year low of $44.51 and a one year high of $98.37. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $10,810.00, a P/E ratio of 37.43, a P/E/G ratio of 0.94 and a beta of 2.55.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.90 billion. XPO Logistics had a return on equity of 7.66% and a net margin of 2.11%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. equities research analysts predict that XPO Logistics Inc will post 3.13 EPS for the current fiscal year.
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.
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.