Comerica Bank lessened its stake in XPO Logistics Inc (NYSE:XPO) by 2.3% in the third quarter, Holdings Channel reports. The institutional investor owned 53,171 shares of the transportation company’s stock after selling 1,259 shares during the quarter. Comerica Bank’s holdings in XPO Logistics were worth $4,157,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Baupost Group LLC MA bought a new stake in XPO Logistics during the second quarter valued at $86,715,000. Aperio Group LLC increased its stake in XPO Logistics by 9.1% during the second quarter. Aperio Group LLC now owns 36,453 shares of the transportation company’s stock valued at $2,107,000 after purchasing an additional 3,038 shares during the last quarter. Flinton Capital Management LLC increased its stake in XPO Logistics by 2.9% during the second quarter. Flinton Capital Management LLC now owns 26,928 shares of the transportation company’s stock valued at $1,557,000 after purchasing an additional 748 shares during the last quarter. Riverhead Capital Management LLC increased its stake in XPO Logistics by 10.3% during the second quarter. Riverhead Capital Management LLC now owns 18,162 shares of the transportation company’s stock valued at $1,050,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new stake in XPO Logistics during the second quarter valued at $653,000.
Several analysts have weighed in on XPO shares. Zacks Investment Research reiterated a “hold” rating on shares of XPO Logistics in a research note on Saturday, October 12th. Loop Capital lowered shares of XPO Logistics from a “buy” rating to a “hold” rating and boosted their target price for the company from $65.00 to $70.00 in a research note on Monday, August 5th. Stephens boosted their target price on shares of XPO Logistics from $64.00 to $71.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. SunTrust Banks boosted their target price on shares of XPO Logistics from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their target price on shares of XPO Logistics from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, August 5th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. XPO Logistics currently has an average rating of “Buy” and an average target price of $83.53.
In related news, Director Jason D. Papastavrou acquired 1,375 shares of XPO Logistics stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $75.42 per share, with a total value of $103,702.50. Following the completion of the acquisition, the director now directly owns 13,875 shares of the company’s stock, valued at approximately $1,046,452.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 18.70% of the company’s stock.
XPO Logistics stock opened at $84.64 on Friday. The firm has a market capitalization of $7.82 billion, a P/E ratio of 26.53, a P/E/G ratio of 0.69 and a beta of 2.48. The company has a 50-day simple moving average of $75.18 and a 200-day simple moving average of $65.71. XPO Logistics Inc has a one year low of $41.05 and a one year high of $86.47. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.07 and a current ratio of 1.07.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Monday, October 28th. The transportation company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.27 billion. XPO Logistics had a net margin of 2.31% and a return on equity of 13.87%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. As a group, sell-side analysts forecast that XPO Logistics Inc will post 3.99 earnings per share for the current year.
XPO Logistics Company Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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