Xact Kapitalforvaltning AB boosted its position in XPO Logistics Inc (NYSE:XPO) by 49.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,139 shares of the transportation company’s stock after purchasing an additional 5,000 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in XPO Logistics were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gables Capital Management Inc. purchased a new stake in XPO Logistics in the 1st quarter worth approximately $102,000. Robeco Institutional Asset Management B.V. bought a new position in shares of XPO Logistics in the 1st quarter worth $198,000. First Allied Advisory Services Inc. bought a new position in shares of XPO Logistics in the 1st quarter worth $200,000. American International Group Inc. bought a new position in shares of XPO Logistics in the 4th quarter worth $246,000. Finally, Noesis Capital Mangement Corp bought a new position in shares of XPO Logistics in the 4th quarter worth $247,000.
XPO Logistics opened at $98.94 on Thursday, MarketBeat reports. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.26 and a current ratio of 1.26. XPO Logistics Inc has a 52 week low of $54.34 and a 52 week high of $115.49. The firm has a market cap of $13.12 billion, a P/E ratio of 50.74, a price-to-earnings-growth ratio of 1.11 and a beta of 2.46.
XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, May 2nd. The transportation company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.10. XPO Logistics had a net margin of 2.34% and a return on equity of 7.95%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $0.30 EPS. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. research analysts expect that XPO Logistics Inc will post 3.49 earnings per share for the current year.
A number of brokerages have recently commented on XPO. Stifel Nicolaus began coverage on shares of XPO Logistics in a report on Tuesday, June 19th. They issued a “hold” rating and a $118.00 price target on the stock. Cowen increased their price target on shares of XPO Logistics from $100.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, May 4th. Credit Suisse Group increased their price target on shares of XPO Logistics from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, May 4th. ValuEngine raised shares of XPO Logistics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Finally, Oppenheimer increased their price target on shares of XPO Logistics from $104.00 to $119.00 and gave the stock an “outperform” rating in a report on Wednesday, April 18th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $107.71.
XPO Logistics Company Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.
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