Penn Capital Management Co. Inc. trimmed its position in shares of XPO Logistics Inc (NYSE:XPO) by 3.1% during the 4th quarter, HoldingsChannel reports. The fund owned 52,231 shares of the transportation company’s stock after selling 1,647 shares during the period. Penn Capital Management Co. Inc.’s holdings in XPO Logistics were worth $4,980,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. purchased a new stake in XPO Logistics during the 3rd quarter valued at $102,000. Benjamin F. Edwards & Company Inc. purchased a new stake in XPO Logistics during the 4th quarter valued at $172,000. Oak Point Wealth Management purchased a new stake in XPO Logistics during the 4th quarter valued at $220,000. Pillar Pacific Capital Management LLC purchased a new stake in XPO Logistics during the 4th quarter valued at $224,000. Finally, Commonwealth Equity Services Inc purchased a new stake in XPO Logistics during the 3rd quarter valued at $230,000.
Several analysts recently weighed in on the company. Zacks Investment Research lowered XPO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. KeyCorp restated a “buy” rating and set a $110.00 price target on shares of XPO Logistics in a report on Friday, January 12th. Bank of America set a $103.00 price target on XPO Logistics and gave the company a “buy” rating in a report on Wednesday, January 3rd. Oppenheimer restated a “buy” rating and set a $104.00 price target on shares of XPO Logistics in a report on Tuesday, January 9th. Finally, Citigroup restated an “outperform” rating and set a $104.00 price target (up previously from $85.00) on shares of XPO Logistics in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $96.20.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. XPO Logistics had a return on equity of 7.29% and a net margin of 2.11%. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. research analysts forecast that XPO Logistics Inc will post 3.39 earnings per share for the current fiscal year.
XPO Logistics 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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