Avalon Advisors LLC increased its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 10.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,041 shares of the transportation company’s stock after buying an additional 5,890 shares during the quarter. Avalon Advisors LLC owned 0.05% of XPO Logistics worth $6,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Chesapeake Wealth Management purchased a new position in XPO Logistics during the 1st quarter worth $516,000. Suntrust Banks Inc. grew its stake in XPO Logistics by 45.0% during the 1st quarter. Suntrust Banks Inc. now owns 22,269 shares of the transportation company’s stock worth $2,266,000 after buying an additional 6,912 shares during the last quarter. Amalgamated Bank grew its stake in XPO Logistics by 4.8% during the 1st quarter. Amalgamated Bank now owns 24,592 shares of the transportation company’s stock worth $2,504,000 after buying an additional 1,137 shares during the last quarter. Principal Financial Group Inc. grew its stake in XPO Logistics by 10.8% during the 1st quarter. Principal Financial Group Inc. now owns 14,572 shares of the transportation company’s stock worth $1,484,000 after buying an additional 1,424 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its stake in XPO Logistics by 22,168.7% during the 1st quarter. Summit Trail Advisors LLC now owns 186,166 shares of the transportation company’s stock worth $186,000 after buying an additional 185,330 shares during the last quarter.
Shares of XPO opened at $98.94 on Thursday. XPO Logistics Inc has a 52 week low of $54.34 and a 52 week high of $115.49. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $13.12 billion, a PE ratio of 50.74, a P/E/G ratio of 1.11 and a beta of 2.46.
XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, May 2nd. The transportation company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. XPO Logistics had a return on equity of 7.95% and a net margin of 2.34%. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company’s revenue was up 18.4% compared to the same quarter last year. research analysts predict that XPO Logistics Inc will post 3.49 EPS for the current fiscal year.
XPO has been the topic of several research analyst reports. ValuEngine upgraded XPO Logistics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Vetr upgraded XPO Logistics from a “hold” rating to a “strong-buy” rating and set a $115.78 target price on the stock in a research note on Tuesday, April 10th. Zacks Investment Research downgraded XPO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, April 14th. Barclays reiterated an “overweight” rating and set a $130.00 price target on shares of XPO Logistics in a research note on Tuesday, April 17th. Finally, Oppenheimer boosted their price target on XPO Logistics from $104.00 to $119.00 and gave the company an “outperform” rating in a research note on Wednesday, April 18th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. XPO Logistics presently has an average rating of “Buy” and a consensus target price of $107.71.
About XPO Logistics
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.
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