Boston Partners lessened its position in XPO Logistics Inc (NYSE:XPO) by 35.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 35,686 shares of the transportation company’s stock after selling 19,847 shares during the quarter. Boston Partners’ holdings in XPO Logistics were worth $3,633,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of XPO Logistics in the 4th quarter valued at $172,000. Pillar Pacific Capital Management LLC purchased a new stake in shares of XPO Logistics in the 4th quarter valued at $224,000. Atria Investments LLC purchased a new stake in shares of XPO Logistics in the 4th quarter valued at $230,000. American International Group Inc. purchased a new stake in shares of XPO Logistics in the 4th quarter valued at $246,000. Finally, Noesis Capital Mangement Corp purchased a new stake in shares of XPO Logistics in the 4th quarter valued at $247,000.
XPO has been the topic of several research analyst reports. Bank of America cut their price objective on XPO Logistics from $103.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Vetr upgraded XPO Logistics from a “buy” rating to a “strong-buy” rating and set a $98.77 price objective on the stock in a report on Thursday, February 8th. Cowen reissued an “outperform” rating and set a $100.00 target price (up from $85.00) on shares of XPO Logistics in a research note on Friday, February 9th. Deutsche Bank set a $133.00 target price on XPO Logistics and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Stephens set a $95.00 target price on XPO Logistics and gave the stock a “hold” rating in a research note on Friday, February 9th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $105.15.
XPO Logistics opened at $108.40 on Friday, MarketBeat.com reports. The stock has a market cap of $12.77 billion, a PE ratio of 55.59, a price-to-earnings-growth ratio of 1.00 and a beta of 2.45. XPO Logistics Inc has a 1 year low of $51.86 and a 1 year high of $110.68. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.13.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, May 2nd. The transportation company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.10. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.91 billion. XPO Logistics had a return on equity of 7.95% and a net margin of 2.34%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. research analysts forecast that XPO Logistics Inc will post 3.49 earnings per share for the current year.
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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