Oppenheimer Asset Management Inc. Has $822,000 Holdings in XPO Logistics Inc (XPO)

Oppenheimer Asset Management Inc. raised its holdings in XPO Logistics Inc (NYSE:XPO) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,202 shares of the transportation company’s stock after purchasing an additional 812 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in XPO Logistics were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in XPO. World Asset Management Inc boosted its stake in shares of XPO Logistics by 13.3% during the 3rd quarter. World Asset Management Inc now owns 4,488 shares of the transportation company’s stock worth $512,000 after acquiring an additional 526 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of XPO Logistics by 12.2% during the 2nd quarter. CIBC Asset Management Inc now owns 4,898 shares of the transportation company’s stock worth $491,000 after acquiring an additional 532 shares in the last quarter. Atria Investments LLC boosted its stake in shares of XPO Logistics by 23.2% during the 2nd quarter. Atria Investments LLC now owns 3,111 shares of the transportation company’s stock worth $312,000 after acquiring an additional 586 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of XPO Logistics by 5.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 11,301 shares of the transportation company’s stock worth $1,132,000 after acquiring an additional 593 shares in the last quarter. Finally, Fairfield Bush & CO. boosted its stake in shares of XPO Logistics by 3.9% during the 2nd quarter. Fairfield Bush & CO. now owns 15,920 shares of the transportation company’s stock worth $1,595,000 after acquiring an additional 595 shares in the last quarter. 92.22% of the stock is currently owned by institutional investors.

XPO stock opened at $84.42 on Tuesday. XPO Logistics Inc has a 1 year low of $70.32 and a 1 year high of $116.27. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $11.17 billion, a P/E ratio of 43.29, a P/E/G ratio of 0.68 and a beta of 2.56.

XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, October 31st. The transportation company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.09). XPO Logistics had a net margin of 3.04% and a return on equity of 10.01%. The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the previous year, the company posted $0.59 EPS. XPO Logistics’s quarterly revenue was up 11.5% compared to the same quarter last year. Analysts expect that XPO Logistics Inc will post 3.43 earnings per share for the current year.

XPO has been the topic of several research analyst reports. Bank of America raised XPO Logistics from a “neutral” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, October 30th. They noted that the move was a valuation call. Cowen decreased their price target on XPO Logistics from $121.00 to $112.00 and set an “outperform” rating on the stock in a research note on Friday. KeyCorp decreased their price target on XPO Logistics from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday. Jefferies Financial Group set a $145.00 price target on XPO Logistics and gave the stock a “buy” rating in a research note on Thursday, November 1st. Finally, R. F. Lafferty initiated coverage on XPO Logistics in a research note on Tuesday, July 10th. They set a “buy” rating and a $125.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $112.14.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/11/06/oppenheimer-asset-management-inc-has-822000-holdings-in-xpo-logistics-inc-xpo.html.

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.

Read More: Tariff

Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO Logistics Inc (NYSE:XPO).

Institutional Ownership by Quarter for XPO Logistics (NYSE:XPO)

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply