Chicago Equity Partners LLC bought a new stake in XPO Logistics, Inc. (NYSE:XPO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,975 shares of the transportation company’s stock, valued at approximately $515,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock valued at $116,000 after buying an additional 1,993 shares during the period. Advisors Asset Management Inc. increased its stake in XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 981 shares in the last quarter. Bank of Montreal Can increased its stake in XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 241 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in XPO Logistics in the first quarter valued at $200,000. Finally, Gofen & Glossberg LLC IL bought a new stake in XPO Logistics in the first quarter valued at $210,000. Institutional investors and hedge funds own 89.55% of the company’s stock.
Several equities research analysts have weighed in on the stock. Stifel Nicolaus set a $77.00 price target on shares of XPO Logistics and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Cowen and Company reaffirmed a “buy” rating and issued a $69.00 price target on shares of XPO Logistics in a research note on Thursday, September 7th. William Blair reaffirmed an “outperform” rating on shares of XPO Logistics in a research note on Monday, August 7th. BidaskClub downgraded shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of XPO Logistics from $63.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $67.33.
Shares of XPO Logistics, Inc. (XPO) opened at 62.55 on Wednesday. The stock’s 50 day moving average is $58.75 and its 200 day moving average is $55.24. The company has a market capitalization of $7.37 billion, a P/E ratio of 71.65 and a beta of 2.28. XPO Logistics, Inc. has a 52-week low of $31.68 and a 52-week high of $65.44.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the company posted $0.42 EPS. XPO Logistics’s revenue was up 2.1% on a year-over-year basis. Equities analysts expect that XPO Logistics, Inc. will post $1.92 EPS for the current year.
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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