World Asset Management Inc bought a new stake in XPO Logistics, Inc. (NYSE:XPO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,010 shares of the transportation company’s stock, valued at approximately $259,000.
Several other large investors also recently modified their holdings of XPO. Hennessy Advisors Inc. bought a new stake in shares of XPO Logistics during the first quarter valued at $3,956,000. FMR LLC increased its position in shares of XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after buying an additional 319,056 shares in the last quarter. American Century Companies Inc. increased its position in shares of XPO Logistics by 1.2% in the first quarter. American Century Companies Inc. now owns 192,457 shares of the transportation company’s stock worth $9,217,000 after buying an additional 2,317 shares in the last quarter. Gofen & Glossberg LLC IL acquired a new position in shares of XPO Logistics during the first quarter worth approximately $210,000. Finally, Sheets Smith Wealth Management acquired a new position in shares of XPO Logistics during the second quarter worth approximately $322,000. 91.05% of the stock is owned by institutional investors.
Shares of XPO Logistics, Inc. (XPO) opened at 55.32 on Friday. XPO Logistics, Inc. has a 52 week low of $31.68 and a 52 week high of $65.44. The firm has a market cap of $6.52 billion, a PE ratio of 63.37 and a beta of 2.31. The firm’s 50-day moving average price is $60.28 and its 200 day moving average price is $53.73.
XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts anticipate that XPO Logistics, Inc. will post $1.92 EPS for the current year.
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A number of brokerages recently commented on XPO. William Blair reissued an “outperform” rating on shares of XPO Logistics in a report on Monday, August 7th. BidaskClub downgraded XPO Logistics from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley reissued an “overweight” rating and issued a $75.00 price target (up previously from $60.00) on shares of XPO Logistics in a report on Tuesday, July 25th. Stifel Nicolaus reissued a “buy” rating and issued a $77.00 price target (down previously from $78.00) on shares of XPO Logistics in a report on Friday, July 21st. Finally, Zacks Investment Research downgraded XPO Logistics from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. XPO Logistics currently has a consensus rating of “Buy” and an average price target of $66.73.
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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