Ontario Teachers Pension Plan Board lowered its stake in shares of XPO Logistics Inc (NYSE:XPO) by 22.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,561,581 shares of the transportation company’s stock after selling 750,000 shares during the period. XPO Logistics makes up approximately 2.9% of Ontario Teachers Pension Plan Board’s investment portfolio, making the stock its 3rd largest position. Ontario Teachers Pension Plan Board’s holdings in XPO Logistics were worth $234,615,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. American International Group Inc. purchased a new position in shares of XPO Logistics during the 4th quarter worth approximately $246,000. Centaurus Financial Inc. purchased a new position in shares of XPO Logistics during the 4th quarter worth approximately $647,000. Employees Retirement System of Texas lifted its holdings in XPO Logistics by 1.9% during the 4th quarter. Employees Retirement System of Texas now owns 217,100 shares of the transportation company’s stock worth $19,884,000 after buying an additional 4,000 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in XPO Logistics by 11.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 94,997 shares of the transportation company’s stock worth $8,701,000 after buying an additional 10,085 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in XPO Logistics by 0.3% during the 4th quarter. BlackRock Inc. now owns 4,593,039 shares of the transportation company’s stock worth $420,678,000 after buying an additional 12,333 shares in the last quarter.
A number of research firms have issued reports on XPO. Deutsche Bank reiterated a “buy” rating on shares of XPO Logistics in a report on Friday, December 22nd. Credit Suisse Group reduced their target price on shares of XPO Logistics from $106.00 to $104.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. CIBC reduced their target price on shares of XPO Logistics from $77.00 to $75.00 and set an “outperform” rating on the stock in a report on Monday, November 20th. Macquarie increased their target price on shares of XPO Logistics from $80.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, December 27th. Finally, Stephens set a $95.00 target price on shares of XPO Logistics and gave the stock a “hold” rating in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $96.20.
Shares of XPO Logistics Inc (XPO) opened at $91.43 on Monday. XPO Logistics Inc has a fifty-two week low of $44.51 and a fifty-two week high of $98.37. The firm has a market cap of $10,965.49, a price-to-earnings ratio of 47.13, a PEG ratio of 0.92 and a beta of 2.55. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.20 and a quick ratio of 1.20.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. XPO Logistics had a net margin of 2.11% and a return on equity of 7.29%. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period last year, the business earned $0.24 EPS. The company’s revenue was up 14.1% on a year-over-year basis. sell-side analysts anticipate that XPO Logistics Inc will post 3.39 earnings per share 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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