Reliant Investment Management LLC lessened its position in shares of XPO Logistics Inc (NYSE:XPO) by 4.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 45,856 shares of the transportation company’s stock after selling 1,909 shares during the quarter. XPO Logistics comprises about 3.4% of Reliant Investment Management LLC’s holdings, making the stock its 3rd largest position. Reliant Investment Management LLC’s holdings in XPO Logistics were worth $4,594,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Gables Capital Management Inc. purchased a new stake in shares of XPO Logistics during the 1st quarter valued at approximately $102,000. Summit Trail Advisors LLC raised its position in shares of 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 valued at $186,000 after buying an additional 185,330 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in XPO Logistics in the first quarter valued at approximately $198,000. First Allied Advisory Services Inc. purchased a new stake in XPO Logistics in the first quarter valued at approximately $200,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in XPO Logistics in the second quarter valued at approximately $211,000.
XPO has been the topic of a number of research analyst reports. Zacks Investment Research lowered XPO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, April 14th. Bank of America lowered XPO Logistics from a “buy” rating to a “neutral” rating in a research report on Thursday, June 14th. Barclays reissued an “overweight” rating and issued a $130.00 target price on shares of XPO Logistics in a research report on Tuesday, April 17th. Oppenheimer boosted their target price on XPO Logistics from $104.00 to $119.00 and gave the company an “outperform” rating in a research report on Wednesday, April 18th. Finally, R. F. Lafferty initiated coverage on XPO Logistics in a research report on Tuesday, July 10th. They issued a “buy” rating and a $125.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $109.67.
XPO Logistics opened at $104.64 on Friday, MarketBeat Ratings reports. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 40.01, a price-to-earnings-growth ratio of 0.93 and a beta of 2.28. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.26 and a quick ratio of 1.26. XPO Logistics Inc has a 52 week low of $54.34 and a 52 week high of $115.49.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.01. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.29 billion. XPO Logistics had a net margin of 2.84% and a return on equity of 9.12%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. sell-side analysts anticipate that XPO Logistics Inc will post 3.49 earnings per share for the current fiscal year.
XPO Logistics Profile
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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