Macquarie Group Ltd. raised its position in shares of XPO Logistics, Inc. (NYSE:XPO) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 703,238 shares of the transportation company’s stock after buying an additional 13,641 shares during the period. Macquarie Group Ltd. owned about 0.63% of XPO Logistics worth $33,678,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. FMR LLC purchased a new stake in shares of XPO Logistics during the fourth quarter valued at approximately $58,317,000. Russell Investments Group Ltd. purchased a new stake in shares of XPO Logistics during the fourth quarter valued at approximately $2,383,000. Hennessy Advisors Inc. purchased a new stake in shares of XPO Logistics during the first quarter valued at approximately $3,956,000. State Street Corp boosted its stake in shares of XPO Logistics by 3.4% in the fourth quarter. State Street Corp now owns 1,958,896 shares of the transportation company’s stock valued at $84,546,000 after buying an additional 64,041 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake 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 valued at $1,691,000 after buying an additional 32,751 shares during the last quarter. Hedge funds and other institutional investors own 93.16% of the company’s stock.
XPO Logistics, Inc. (XPO) opened at 60.46 on Tuesday. XPO Logistics, Inc. has a one year low of $24.32 and a one year high of $65.44. The firm has a market capitalization of $6.75 billion, a PE ratio of 71.30 and a beta of 2.31. The company’s 50-day moving average price is $57.65 and its 200 day moving average price is $50.03.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, May 3rd. The transportation company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.55 billion. XPO Logistics had a net margin of 0.76% and a return on equity of 5.63%. On average, analysts forecast that XPO Logistics, Inc. will post $1.98 earnings per share for the current year.
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Several brokerages have recently commented on XPO. Vertical Research began coverage on XPO Logistics in a research note on Thursday, April 13th. They issued a “buy” rating and a $60.00 price target on the stock. CIBC increased their target price on XPO Logistics from $58.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $63.00 target price (up previously from $58.00) on shares of XPO Logistics in a research note on Friday, May 12th. Credit Suisse Group increased their price objective on XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $60.00 price objective on shares of XPO Logistics in a report on Monday, May 22nd. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $65.75.
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.
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