BTC Capital Management Inc. raised its holdings in XPO Logistics, Inc. (NYSE:XPO) by 11.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,785 shares of the transportation company’s stock after acquiring an additional 5,399 shares during the quarter. BTC Capital Management Inc.’s holdings in XPO Logistics were worth $3,438,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of XPO. Advisors Asset Management Inc. lifted its stake in XPO Logistics by 18.4% in the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after acquiring an additional 466 shares during the last quarter. Argent Trust Co acquired a new stake in XPO Logistics in the second quarter valued at approximately $205,000. Boston Advisors LLC acquired a new stake in XPO Logistics in the second quarter valued at approximately $212,000. HighTower Advisors LLC acquired a new stake in XPO Logistics in the first quarter valued at approximately $214,000. Finally, BNP Paribas Arbitrage SA lifted its stake in XPO Logistics by 49.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock valued at $219,000 after acquiring an additional 1,129 shares during the last quarter. Hedge funds and other institutional investors own 91.57% of the company’s stock.
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Shares of XPO Logistics, Inc. (XPO) traded up $1.04 during mid-day trading on Monday, reaching $72.10. 1,392,000 shares of the company were exchanged, compared to its average volume of 1,522,847. XPO Logistics, Inc. has a fifty-two week low of $39.20 and a fifty-two week high of $74.87. The company has a market capitalization of $8,660.00, a price-to-earnings ratio of 41.68, a P/E/G ratio of 1.04 and a beta of 2.47. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. XPO Logistics’s revenue was up 4.7% compared to the same quarter last year. equities analysts anticipate that XPO Logistics, Inc. will post 1.92 EPS for the current fiscal year.
XPO has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of XPO Logistics in a research note on Monday. They issued a “buy” rating and a $90.00 price objective for the company. BidaskClub cut shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Credit Suisse Group boosted their price objective on shares of XPO Logistics from $68.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $77.00 price objective (up from $75.00) on shares of XPO Logistics in a research note on Monday, November 6th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $75.17.
XPO Logistics Company 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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