Commerzbank Aktiengesellschaft FI raised its stake in XPO Logistics, Inc. (NYSE:XPO) by 90.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,000 shares of the transportation company’s stock after purchasing an additional 9,000 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in XPO Logistics were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of XPO Logistics during the 3rd quarter worth about $102,000. Advisors Asset Management Inc. raised its position in shares of XPO Logistics by 18.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after acquiring an additional 466 shares in the last quarter. Argent Trust Co acquired a new stake in shares of XPO Logistics during the 2nd quarter worth about $205,000. BNP Paribas Arbitrage SA raised its position in shares of XPO Logistics by 49.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock worth $219,000 after acquiring an additional 1,129 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of XPO Logistics during the 2nd quarter worth about $225,000.
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $77.00 target price on XPO Logistics and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Credit Suisse Group raised their target price on XPO Logistics from $68.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, September 29th. Barclays raised their target price on XPO Logistics from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. Oppenheimer reissued a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Finally, KeyCorp reissued a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $77.59.
XPO Logistics, Inc. (XPO) traded down $0.35 during trading hours on Thursday, reaching $76.03. The company had a trading volume of 1,026,800 shares, compared to its average volume of 1,503,416. The stock has a market cap of $9,156.69, a P/E ratio of 44.15, a PEG ratio of 1.10 and a beta of 2.52. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. XPO Logistics, Inc. has a 12-month low of $42.07 and a 12-month high of $80.10.
XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. equities research analysts predict that XPO Logistics, Inc. will post 1.92 EPS for the current fiscal year.
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XPO Logistics 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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