Friedberg Investment Management reduced its position in shares of XPO Logistics, Inc. (NYSE:XPO) by 67.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,480 shares of the transportation company’s stock after selling 32,400 shares during the quarter. XPO Logistics comprises about 1.7% of Friedberg Investment Management’s portfolio, making the stock its 23rd biggest position. Friedberg Investment Management’s holdings in XPO Logistics were worth $1,049,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XPO. IHT Wealth Management LLC purchased a new position in shares of XPO Logistics in the 2nd quarter valued at $1,147,000. K.J. Harrison & Partners Inc purchased a new position in shares of XPO Logistics in the 3rd quarter valued at $847,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of XPO Logistics in the 3rd quarter valued at $102,000. Advisors Asset Management Inc. increased its holdings in shares of XPO Logistics by 18.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after acquiring an additional 466 shares during the period. Finally, Argent Trust Co purchased a new position in shares of XPO Logistics in the 2nd quarter valued at $205,000.
XPO Logistics, Inc. (NYSE XPO) opened at $76.71 on Friday. XPO Logistics, Inc. has a one year low of $42.07 and a one year high of $80.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $9,156.69, a price-to-earnings ratio of 44.15, a P/E/G ratio of 1.10 and a beta of 2.52.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. analysts predict that XPO Logistics, Inc. will post 1.92 earnings per share for the current year.
A number of brokerages have recently issued reports on XPO. Barclays lifted their price target on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Oppenheimer reiterated a “buy” rating and issued a $75.00 price target on shares of XPO Logistics in a report on Thursday, October 12th. Credit Suisse Group lifted their price target on XPO Logistics from $76.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Cowen reiterated a “buy” rating and issued a $69.00 price target on shares of XPO Logistics in a report on Thursday, September 7th. Finally, Stifel Nicolaus set a $77.00 price target on XPO Logistics and gave the company a “buy” rating in a report on Wednesday, August 23rd. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $77.59.
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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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