Deltec Asset Management LLC bought a new stake in XPO Logistics, Inc. (NYSE:XPO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,158 shares of the transportation company’s stock, valued at approximately $269,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XPO. Hennessy Advisors Inc. bought a new stake in shares of XPO Logistics during the first quarter worth about $3,956,000. FMR LLC raised its stake in shares of XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after buying an additional 319,056 shares during the period. AQR Capital Management LLC increased its position in shares of XPO Logistics by 509.6% in the fourth quarter. AQR Capital Management LLC now owns 39,178 shares of the transportation company’s stock worth $1,691,000 after buying an additional 32,751 shares in the last quarter. American Century Companies Inc. increased its position in shares of XPO Logistics by 1.2% in the first quarter. American Century Companies Inc. now owns 192,457 shares of the transportation company’s stock worth $9,217,000 after buying an additional 2,317 shares in the last quarter. Finally, Gofen & Glossberg LLC IL acquired a new position in shares of XPO Logistics during the first quarter worth $210,000. Institutional investors and hedge funds own 88.06% of the company’s stock.
Shares of XPO Logistics, Inc. (XPO) traded down 0.60% on Tuesday, reaching $57.68. The company’s stock had a trading volume of 1,443,686 shares. XPO Logistics, Inc. has a 52-week low of $31.68 and a 52-week high of $65.44. The company has a market cap of $6.49 billion, a PE ratio of 66.38 and a beta of 2.31. The firm has a 50 day moving average of $61.73 and a 200 day moving average of $52.95.
XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.59%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm earned $0.42 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts predict that XPO Logistics, Inc. will post $1.91 earnings per share for the current year.
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A number of research analysts have recently weighed in on XPO shares. Vertical Research started coverage on XPO Logistics in a report on Thursday, April 13th. They set a “buy” rating and a $60.00 price target on the stock. Stifel Nicolaus boosted their target price on XPO Logistics from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Credit Suisse Group boosted their target price on XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Morgan Stanley boosted their target price on XPO Logistics from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $63.00 target price (up previously from $58.00) on shares of XPO Logistics in a research note on Friday, May 12th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. XPO Logistics has a consensus rating of “Buy” and a consensus target price of $66.73.
About XPO Logistics
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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