Raymond James Financial Services Advisors Inc. reduced its position in XPO Logistics, Inc. (NYSE:XPO) by 39.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,345 shares of the transportation company’s stock after selling 4,215 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in XPO Logistics were worth $430,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in XPO Logistics by 18.4% during the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after purchasing an additional 466 shares during the last quarter. Argent Trust Co purchased a new stake in XPO Logistics in the second quarter valued at approximately $205,000. 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 buying an additional 1,129 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in XPO Logistics in the second quarter valued at approximately $225,000. Finally, Eqis Capital Management Inc. purchased a new stake in XPO Logistics in the third quarter valued at approximately $231,000.
Several equities research analysts have recently commented on the company. CIBC cut their price target on XPO Logistics from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Monday, November 20th. Oppenheimer upped their price target on XPO Logistics from $77.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 20th. Wells Fargo & Company upped their price objective on XPO Logistics to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Stifel Nicolaus upped their price objective on XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, Deutsche Bank restated a “buy” rating and issued a $110.00 price objective on shares of XPO Logistics in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $77.59.
Shares of XPO Logistics, Inc. (XPO) traded up $1.38 on Friday, hitting $77.51. The stock had a trading volume of 1,148,743 shares, compared to its average volume of 1,182,347. The firm has a market cap of $9,126.71, a price-to-earnings ratio of 44.01, a price-to-earnings-growth ratio of 1.10 and a beta of 2.52. XPO Logistics, Inc. has a one year low of $42.07 and a one year high of $80.10. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. sell-side analysts forecast that XPO Logistics, Inc. will post 1.92 EPS for the current year.
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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