TIAA FSB acquired a new position in XPO Logistics, Inc. (NYSE:XPO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 102,044 shares of the transportation company’s stock, valued at approximately $6,917,000. TIAA FSB owned approximately 0.09% of XPO Logistics as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. IHT Wealth Management LLC bought a new position in XPO Logistics in the second quarter worth approximately $1,147,000. Envestnet Asset Management Inc. increased its position in shares of XPO Logistics by 461.3% during the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after purchasing an additional 1,993 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of XPO Logistics by 18.4% during the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after purchasing an additional 466 shares in the last quarter. Argent Trust Co acquired a new position in shares of XPO Logistics during the second quarter worth $205,000. Finally, Boston Advisors LLC acquired a new position in shares of XPO Logistics during the second quarter worth $212,000. 91.22% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on XPO shares. Cowen and Company reaffirmed a “buy” rating and set a $69.00 price target on shares of XPO Logistics in a research report on Thursday, September 7th. Stifel Nicolaus set a $77.00 price target on XPO Logistics and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. KeyCorp reaffirmed a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a research report on Thursday, October 12th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a research report on Thursday, October 12th. Finally, BidaskClub downgraded XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $74.29.
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XPO Logistics, Inc. (NYSE XPO) traded up $1.04 during trading hours on Friday, reaching $72.10. 1,392,000 shares of the company’s stock traded hands, compared to its average volume of 1,522,847. XPO Logistics, Inc. has a one year low of $39.20 and a one year high of $74.87. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.19 and a current ratio of 1.23. The stock has a market capitalization of $8,518.03, a price-to-earnings ratio of 41.08, a price-to-earnings-growth ratio of 1.02 and a beta of 2.47.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. research analysts predict that XPO Logistics, Inc. will post 1.92 EPS for the current year.
XPO Logistics Company 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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