Legal & General Group Plc increased its stake in shares of XPO Logistics Inc (NYSE:XPO) by 415.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,810 shares of the transportation company’s stock after acquiring an additional 346,390 shares during the quarter. Legal & General Group Plc owned about 0.36% of XPO Logistics worth $43,759,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Cetera Advisors LLC acquired a new stake in XPO Logistics during the 1st quarter worth $300,000. BlackRock Inc. raised its stake 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 acquiring an additional 12,333 shares in the last quarter. LPL Financial LLC raised its stake in XPO Logistics by 197.8% during the 4th quarter. LPL Financial LLC now owns 26,936 shares of the transportation company’s stock worth $2,467,000 after acquiring an additional 17,890 shares in the last quarter. State of Wisconsin Investment Board raised its stake in XPO Logistics by 2.5% during the 4th quarter. State of Wisconsin Investment Board now owns 24,335 shares of the transportation company’s stock worth $2,229,000 after acquiring an additional 598 shares in the last quarter. Finally, Fishman Jay A Ltd. MI raised its stake in XPO Logistics by 0.7% during the 1st quarter. Fishman Jay A Ltd. MI now owns 230,641 shares of the transportation company’s stock worth $23,482,000 after acquiring an additional 1,525 shares in the last quarter.
Shares of XPO Logistics stock opened at $100.18 on Friday. XPO Logistics Inc has a 52-week low of $54.34 and a 52-week high of $115.49. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13. The stock has a market cap of $11.94 billion, a PE ratio of 51.37, a PEG ratio of 1.01 and a beta of 2.46.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, May 2nd. The transportation company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. XPO Logistics had a net margin of 2.34% and a return on equity of 7.95%. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business posted $0.30 earnings per share. The business’s revenue was up 18.4% compared to the same quarter last year. equities analysts anticipate that XPO Logistics Inc will post 3.49 earnings per share for the current fiscal year.
XPO has been the topic of several research analyst reports. Oppenheimer lifted their price target on shares of XPO Logistics from $104.00 to $119.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 18th. Barclays reiterated an “overweight” rating and set a $130.00 price target on shares of XPO Logistics in a research note on Tuesday, April 17th. Bank of America lowered shares of XPO Logistics from a “buy” rating to a “neutral” rating in a research note on Thursday, June 14th. Cowen lifted their price objective on shares of XPO Logistics from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 24th. Finally, Credit Suisse Group lifted their price objective on shares of XPO Logistics from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, May 4th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target 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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