Northpointe Capital LLC boosted its holdings in XPO Logistics Inc (NYSE:XPO) by 7.4% during the 1st quarter, HoldingsChannel reports. The fund owned 36,879 shares of the transportation company’s stock after purchasing an additional 2,546 shares during the quarter. Northpointe Capital LLC’s holdings in XPO Logistics were worth $1,982,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ipswich Investment Management Co. Inc. bought a new position in XPO Logistics in the 4th quarter valued at about $36,000. Penserra Capital Management LLC bought a new position in XPO Logistics in the 4th quarter valued at about $39,000. Bronfman E.L. Rothschild L.P. lifted its position in XPO Logistics by 20.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 176 shares in the last quarter. Paradigm Asset Management Co. LLC lifted its position in XPO Logistics by 83.3% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 550 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 250 shares in the last quarter. Finally, Cohen & Steers Inc. lifted its position in XPO Logistics by 51.8% in the 4th quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 460 shares in the last quarter.
Shares of NYSE:XPO traded up $1.55 during mid-day trading on Wednesday, reaching $64.06. The company had a trading volume of 425,327 shares, compared to its average volume of 2,388,346. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $6.91 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 0.96 and a beta of 2.20. XPO Logistics Inc has a one year low of $41.05 and a one year high of $116.27.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 14th. The transportation company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.11). The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.56 billion. XPO Logistics had a return on equity of 10.83% and a net margin of 2.44%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. Research analysts predict that XPO Logistics Inc will post 3.39 earnings per share for the current year.
Several brokerages recently weighed in on XPO. SunTrust Banks dropped their price target on shares of XPO Logistics from $83.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, February 19th. Bank of America dropped their target price on shares of XPO Logistics from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, February 15th. Cowen reissued an “outperform” rating and set a $80.00 target price (up previously from $79.00) on shares of XPO Logistics in a research report on Monday, April 8th. Oppenheimer lifted their target price on shares of XPO Logistics from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Finally, Loop Capital started coverage on shares of XPO Logistics in a research report on Wednesday, February 6th. They set a “buy” rating and a $75.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. XPO Logistics currently has a consensus rating of “Buy” and a consensus price target of $91.20.
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XPO Logistics Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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