UBS Group AG grew its stake in shares of XPO Logistics Inc (NYSE:XPO) by 15.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,505 shares of the transportation company’s stock after purchasing an additional 18,347 shares during the quarter. UBS Group AG owned approximately 0.11% of XPO Logistics worth $13,897,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. acquired a new stake in XPO Logistics during the first quarter worth approximately $198,000. First Allied Advisory Services Inc. acquired a new stake in XPO Logistics during the first quarter worth approximately $200,000. HL Financial Services LLC acquired a new stake in XPO Logistics during the first quarter worth approximately $264,000. IBM Retirement Fund acquired a new stake in XPO Logistics during the first quarter worth approximately $266,000. Finally, American International Group Inc. acquired a new stake in XPO Logistics during the fourth quarter worth approximately $246,000.
XPO Logistics opened at $108.76 on Friday, MarketBeat.com reports. XPO Logistics Inc has a 1-year low of $54.34 and a 1-year high of $115.49. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $13.53 billion, a P/E ratio of 55.77, a PEG ratio of 1.15 and a beta of 2.46.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, May 2nd. The transportation company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. XPO Logistics had a net margin of 2.34% and a return on equity of 7.95%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm posted $0.30 EPS. XPO Logistics’s quarterly revenue was up 18.4% on a year-over-year basis. analysts forecast that XPO Logistics Inc will post 3.49 earnings per share for the current fiscal year.
A number of research firms have weighed in on XPO. Vetr raised shares of XPO Logistics from a “hold” rating to a “strong-buy” rating and set a $115.78 price objective on the stock in a report on Tuesday, April 10th. Stifel Nicolaus began coverage on shares of XPO Logistics in a report on Tuesday, June 19th. They set a “hold” rating and a $118.00 price objective on the stock. Zacks Investment Research cut shares of XPO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, April 14th. Cowen lifted their target price on shares of XPO Logistics from $100.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Finally, ValuEngine raised shares of XPO Logistics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $107.71.
About XPO Logistics
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.
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