Three Peaks Capital Management LLC grew its holdings in XPO Logistics Inc (NYSE:XPO) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,601 shares of the transportation company’s stock after acquiring an additional 4,381 shares during the period. XPO Logistics comprises approximately 2.2% of Three Peaks Capital Management LLC’s portfolio, making the stock its largest position. Three Peaks Capital Management LLC owned 0.11% of XPO Logistics worth $12,991,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of XPO Logistics during the first quarter worth $198,000. First Allied Advisory Services Inc. acquired a new position in XPO Logistics in the first quarter valued at $200,000. HL Financial Services LLC acquired a new position in XPO Logistics in the first quarter valued at $264,000. IBM Retirement Fund acquired a new position in XPO Logistics in the first quarter valued at $266,000. Finally, American International Group Inc. acquired a new position in XPO Logistics in the fourth quarter valued at $246,000.
Several research firms have issued reports on XPO. Cowen upped their price objective on shares of XPO Logistics from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 24th. Oppenheimer upped their price objective on shares of XPO Logistics from $104.00 to $119.00 and gave the company an “outperform” rating in a research note on Wednesday, April 18th. Barclays reaffirmed an “overweight” rating and issued a $130.00 target price on shares of XPO Logistics in a report on Tuesday, April 17th. Credit Suisse Group upped their target price on shares of XPO Logistics from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Finally, Bank of America reaffirmed a “buy” rating and issued a $105.00 target price on shares of XPO Logistics in a report on Friday, May 4th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. XPO Logistics has a consensus rating of “Buy” and an average target price of $105.60.
XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, May 2nd. The transportation company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $3.91 billion. XPO Logistics had a net margin of 2.34% and a return on equity of 7.95%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. sell-side analysts predict that XPO Logistics Inc will post 3.49 earnings per share for the current year.
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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