Neuberger Berman Group LLC grew its stake in shares of XPO Logistics Inc (NYSE:XPO) by 5,521.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 280,374 shares of the transportation company’s stock after purchasing an additional 275,386 shares during the period. Neuberger Berman Group LLC owned about 0.23% of XPO Logistics worth $28,545,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of XPO. Mar Vista Investment Partners LLC bought a new stake in XPO Logistics during the 4th quarter worth approximately $100,806,000. Jennison Associates LLC increased its holdings in XPO Logistics by 118.9% during the 4th quarter. Jennison Associates LLC now owns 656,595 shares of the transportation company’s stock worth $60,138,000 after purchasing an additional 356,595 shares in the last quarter. Wells Fargo & Company MN increased its holdings in XPO Logistics by 24.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,704,759 shares of the transportation company’s stock worth $156,140,000 after purchasing an additional 332,452 shares in the last quarter. Victory Capital Management Inc. increased its holdings in XPO Logistics by 14.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,534,323 shares of the transportation company’s stock worth $232,119,000 after purchasing an additional 328,888 shares in the last quarter. Finally, Fred Alger Management Inc. increased its holdings in XPO Logistics by 36.2% during the 4th quarter. Fred Alger Management Inc. now owns 1,040,009 shares of the transportation company’s stock worth $95,254,000 after purchasing an additional 276,477 shares in the last quarter.
XPO Logistics stock opened at $109.45 on Friday. XPO Logistics Inc has a 12 month low of $51.86 and a 12 month high of $111.09. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $13.12 billion, a P/E ratio of 56.13, a PEG ratio of 1.02 and a beta of 2.45.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, May 2nd. The transportation company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. XPO Logistics had a return on equity of 7.95% and a net margin of 2.34%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. XPO Logistics’s revenue for the quarter was up 18.4% on a year-over-year basis. analysts predict that XPO Logistics Inc will post 3.49 earnings per share for the current year.
XPO has been the subject of a number of recent research reports. ValuEngine raised XPO Logistics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Vetr downgraded XPO Logistics from a “strong-buy” rating to a “buy” rating and set a $106.35 target price on the stock. in a research note on Monday, February 26th. Deutsche Bank set a $133.00 target price on XPO Logistics and gave the stock a “buy” rating in a research note on Sunday, February 25th. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Thursday, February 15th. Finally, Bank of America cut their target price on XPO Logistics from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $105.60.
XPO Logistics Company Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.
Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO Logistics Inc (NYSE:XPO).
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.