Swiss National Bank raised its stake in XPO Logistics Inc (NYSE:XPO) by 7.4% in the fourth quarter, HoldingsChannel reports. The firm owned 200,614 shares of the transportation company’s stock after acquiring an additional 13,800 shares during the quarter. Swiss National Bank’s holdings in XPO Logistics were worth $18,374,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of XPO. K.J. Harrison & Partners Inc bought a new position in shares of XPO Logistics during the 3rd quarter worth approximately $847,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of XPO Logistics during the 3rd quarter worth approximately $102,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of XPO Logistics during the 4th quarter worth approximately $172,000. Oak Point Wealth Management bought a new position in shares of XPO Logistics during the 4th quarter worth approximately $220,000. Finally, Pillar Pacific Capital Management LLC bought a new position in shares of XPO Logistics during the 4th quarter worth approximately $224,000.
Several research analysts have recently commented on the company. Zacks Investment Research downgraded XPO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. KeyCorp reiterated a “buy” rating and set a $110.00 target price on shares of XPO Logistics in a research note on Friday, January 12th. Bank of America set a $103.00 target price on XPO Logistics and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Oppenheimer reiterated a “buy” rating and set a $104.00 target price on shares of XPO Logistics in a research note on Tuesday, January 9th. Finally, Citigroup reiterated an “outperform” rating and set a $104.00 target price (up from $85.00) on shares of XPO Logistics in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $96.20.
Shares of XPO Logistics Inc (XPO) opened at $91.43 on Tuesday. The firm has a market capitalization of $10,965.49, a P/E ratio of 38.10, a P/E/G ratio of 0.92 and a beta of 2.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.20. XPO Logistics Inc has a fifty-two week low of $44.51 and a fifty-two week high of $98.37.
XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.90 billion. XPO Logistics had a return on equity of 7.29% and a net margin of 2.11%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $0.24 EPS. analysts predict that XPO Logistics Inc will post 3.39 earnings per share for the current 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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