Caxton Associates LP lifted its position in shares of XPO Logistics, Inc. (NYSE:XPO) by 512.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the transportation company’s stock after purchasing an additional 25,100 shares during the quarter. Caxton Associates LP’s holdings in XPO Logistics were worth $2,033,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC bought a new stake in shares of XPO Logistics during the second quarter valued at approximately $1,147,000. K.J. Harrison & Partners Inc bought a new stake in shares of XPO Logistics during the third quarter valued at approximately $847,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of XPO Logistics during the third quarter valued at approximately $102,000. Advisors Asset Management Inc. boosted 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 valued at $193,000 after purchasing an additional 466 shares in the last quarter. Finally, Argent Trust Co bought a new stake in shares of XPO Logistics during the second quarter valued at approximately $205,000.
Several research firms recently weighed in on XPO. CIBC dropped their price target on XPO Logistics from $77.00 to $75.00 and set an “outperform” rating on the stock in a research report on Monday, November 20th. Stifel Nicolaus lifted their price target on XPO Logistics from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Goldman Sachs Group began coverage on XPO Logistics in a research report on Monday, November 13th. They set a “buy” rating and a $90.00 price target on the stock. Oppenheimer restated a “buy” rating and set a $77.00 price target (up from $75.00) on shares of XPO Logistics in a research report on Monday, November 6th. Finally, Credit Suisse Group lifted their price target on XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $77.59.
Shares of XPO Logistics, Inc. (NYSE:XPO) traded up $0.56 during trading hours on Friday, reaching $77.27. The company’s stock had a trading volume of 1,799,527 shares, compared to its average volume of 1,198,770. The stock has a market capitalization of $9,263.36, a PE ratio of 44.66, a price-to-earnings-growth ratio of 1.11 and a beta of 2.52. XPO Logistics, Inc. has a 1-year low of $42.07 and a 1-year high of $80.10. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. sell-side analysts predict that XPO Logistics, Inc. will post 1.92 EPS for the current fiscal 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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