Eagle Asset Management Inc. lowered its stake in XPO Logistics Inc (NYSE:XPO) by 15.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 161,030 shares of the transportation company’s stock after selling 28,593 shares during the quarter. Eagle Asset Management Inc.’s holdings in XPO Logistics were worth $14,748,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of XPO. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of XPO Logistics in the 3rd quarter worth approximately $102,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of XPO Logistics in the 4th quarter worth approximately $172,000. Oak Point Wealth Management purchased a new stake in shares of XPO Logistics in the 4th quarter worth approximately $220,000. Pillar Pacific Capital Management LLC purchased a new stake in shares of XPO Logistics in the 4th quarter worth approximately $224,000. Finally, Commonwealth Equity Services Inc purchased a new stake in shares of XPO Logistics in the 3rd quarter worth approximately $230,000.
XPO has been the topic of several recent research reports. Cowen upped their price target on XPO Logistics from $69.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 3rd. Credit Suisse Group upped their price target on XPO Logistics from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Deutsche Bank restated a “buy” rating and issued a $110.00 price target on shares of XPO Logistics in a research note on Friday, November 3rd. Stifel Nicolaus upped their price target on XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, Oppenheimer reiterated a “buy” rating and set a $77.00 target price (up from $75.00) on shares of XPO Logistics in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. XPO Logistics has an average rating of “Buy” and a consensus target price of $96.20.
Shares of XPO Logistics Inc (XPO) opened at $91.77 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.20. XPO Logistics Inc has a 52 week low of $44.51 and a 52 week high of $98.37. The company has a market capitalization of $11,000.00, a price-to-earnings ratio of 38.08, a price-to-earnings-growth ratio of 0.92 and a beta of 2.55.
XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $3.90 billion. XPO Logistics had a return on equity of 7.29% and a net margin of 2.11%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. equities research analysts anticipate that XPO Logistics Inc will post 3.39 earnings per share for the current year.
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XPO Logistics 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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