State Treasurer State of Michigan acquired a new stake in shares of XPO Logistics Inc (NYSE:XPO) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 38,900 shares of the transportation company’s stock, valued at approximately $2,090,000.
Other hedge funds also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in shares of XPO Logistics during the 4th quarter valued at approximately $39,000. Bronfman E.L. Rothschild L.P. increased its stake in XPO Logistics by 20.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock worth $59,000 after acquiring an additional 176 shares during the last quarter. Parallel Advisors LLC increased its stake in XPO Logistics by 2,161.3% during the first quarter. Parallel Advisors LLC now owns 1,402 shares of the transportation company’s stock worth $75,000 after acquiring an additional 1,340 shares during the last quarter. Cohen & Steers Inc. increased its stake in XPO Logistics by 51.8% during the fourth quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock worth $77,000 after acquiring an additional 460 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in XPO Logistics during the fourth quarter worth $78,000. 88.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE XPO traded up $0.70 during trading on Tuesday, reaching $57.68. The stock had a trading volume of 7,828 shares, compared to its average volume of 2,872,277. XPO Logistics Inc has a fifty-two week low of $41.05 and a fifty-two week high of $116.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $5.30 billion, a PE ratio of 17.98, a PEG ratio of 0.56 and a beta of 2.29.
Several equities research analysts have issued reports on XPO shares. SunTrust Banks cut their target price on XPO Logistics from $83.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, February 19th. Loop Capital reissued a “buy” rating and set a $72.00 target price on shares of XPO Logistics in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Deutsche Bank reissued a “buy” rating and set a $81.00 target price on shares of XPO Logistics in a research note on Friday, February 15th. TheStreet cut XPO Logistics from a “b-” rating to a “c+” rating in a research note on Tuesday, March 5th. Finally, Morgan Stanley cut XPO Logistics from an “overweight” rating to an “equal weight” rating and set a $116.00 target price for the company. in a research note on Tuesday, February 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $90.00.
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XPO Logistics Company Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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