RWC Asset Management LLP bought a new stake in shares of XPO Logistics Inc (NYSE:XPO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 44,000 shares of the transportation company’s stock, valued at approximately $4,030,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of XPO. K.J. Harrison & Partners Inc bought a new position in XPO Logistics during the third quarter valued at $847,000. Fuller & Thaler Asset Management Inc. bought a new position in XPO Logistics during the third quarter valued at $102,000. Benjamin F. Edwards & Company Inc. bought a new position in XPO Logistics during the fourth quarter valued at $172,000. Oak Point Wealth Management bought a new position in XPO Logistics during the fourth quarter valued at $220,000. Finally, Pillar Pacific Capital Management LLC bought a new position in XPO Logistics during the fourth quarter valued at $224,000.
Several research firms have commented on XPO. Zacks Investment Research lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. KeyCorp reiterated a “buy” rating and set a $110.00 price objective on shares of XPO Logistics in a research report on Friday, January 12th. Bank of America set a $103.00 price objective on shares of XPO Logistics and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Oppenheimer reiterated a “buy” rating and set a $104.00 price objective on shares of XPO Logistics in a research report on Tuesday, January 9th. Finally, Citigroup reiterated an “outperform” rating and set a $104.00 price objective (up previously from $85.00) on shares of XPO Logistics in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $96.20.
XPO Logistics Inc (XPO) traded up $0.82 during trading on Tuesday, hitting $92.25. 340,088 shares of the stock traded hands, compared to its average volume of 1,538,133. The company has a market cap of $10,965.49, a price-to-earnings ratio of 38.10, a PEG ratio of 0.92 and a beta of 2.55. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. XPO Logistics Inc has a 12-month low of $44.51 and a 12-month high of $98.37.
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 analysts’ consensus estimates of $0.43 by $0.02. XPO Logistics had a net margin of 2.11% and a return on equity of 7.29%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter last year, the business posted $0.24 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. equities analysts forecast that XPO Logistics Inc will post 3.39 EPS for the current year.
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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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