DF Dent & Co. Inc. purchased a new position in shares of XPO Logistics Inc (NYSE:XPO) during the fourth quarter, Holdings Channel reports. The firm purchased 4,956 shares of the transportation company’s stock, valued at approximately $454,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Gotham Asset Management LLC increased its position in XPO Logistics by 5.8% during the fourth quarter. Gotham Asset Management LLC now owns 235,467 shares of the transportation company’s stock worth $21,566,000 after buying an additional 12,872 shares during the last quarter. BB&T Securities LLC increased its position in XPO Logistics by 83.5% during the fourth quarter. BB&T Securities LLC now owns 11,858 shares of the transportation company’s stock worth $1,086,000 after buying an additional 5,396 shares during the last quarter. Castleark Management LLC increased its position in XPO Logistics by 10.9% during the fourth quarter. Castleark Management LLC now owns 478,400 shares of the transportation company’s stock worth $43,817,000 after buying an additional 47,074 shares during the last quarter. Vident Investment Advisory LLC grew its position in shares of XPO Logistics by 13.3% in the fourth quarter. Vident Investment Advisory LLC now owns 51,791 shares of the transportation company’s stock valued at $4,744,000 after purchasing an additional 6,065 shares during the last quarter. Finally, Verition Fund Management LLC grew its position in shares of XPO Logistics by 238.6% in the fourth quarter. Verition Fund Management LLC now owns 20,091 shares of the transportation company’s stock valued at $1,840,000 after purchasing an additional 14,157 shares during the last quarter.
Several research firms have recently commented on XPO. ValuEngine raised XPO Logistics from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Vetr downgraded XPO Logistics from a “strong-buy” rating to a “buy” rating and set a $106.35 target price on the stock. in a research report on Monday, February 26th. Credit Suisse Group decreased their target price on XPO Logistics from $106.00 to $104.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. Deutsche Bank set a $133.00 target price on XPO Logistics and gave the company a “buy” rating in a research report on Sunday, February 25th. Finally, Bank of America decreased their target price on XPO Logistics from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $96.60.
Shares of XPO stock opened at $104.46 on Wednesday. The stock has a market capitalization of $12,553.41, a P/E ratio of 43.53, a P/E/G ratio of 1.05 and a beta of 2.41. XPO Logistics Inc has a 12-month low of $44.51 and a 12-month high of $106.20. 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 (NYSE:XPO) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.90 billion. XPO Logistics had a return on equity of 7.29% and a net margin of 2.11%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. analysts forecast that XPO Logistics Inc will post 3.42 EPS for the current fiscal 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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