Clearbridge Investments LLC boosted its position in shares of XPO Logistics, Inc. (NYSE:XPO) by 38.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,432,620 shares of the transportation company’s stock after buying an additional 398,346 shares during the period. Clearbridge Investments LLC owned 1.28% of XPO Logistics worth $68,608,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the last quarter. Advisors Asset Management Inc. raised its position in XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock valued at $121,000 after buying an additional 981 shares in the last quarter. Bank of Montreal Can raised its position in XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after buying an additional 241 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in XPO Logistics by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock valued at $165,000 after buying an additional 286 shares in the last quarter. Finally, FTB Advisors Inc. bought a new position in XPO Logistics during the first quarter valued at approximately $196,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.
Shares of XPO Logistics, Inc. (XPO) opened at 60.46 on Tuesday. XPO Logistics, Inc. has a one year low of $24.32 and a one year high of $65.44. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 71.30 and a beta of 2.31. The stock’s 50 day moving average is $57.65 and its 200-day moving average is $50.03.
XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.14. The company had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.55 billion. XPO Logistics had a net margin of 0.76% and a return on equity of 5.63%. On average, equities research analysts predict that XPO Logistics, Inc. will post $1.98 EPS for the current fiscal year.
Several research analysts recently commented on the company. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Friday, July 7th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $63.00 price objective (up previously from $58.00) on shares of XPO Logistics in a research note on Friday, May 12th. Stifel Nicolaus reissued a “buy” rating and issued a $78.00 price objective (up previously from $65.00) on shares of XPO Logistics in a research note on Tuesday, July 11th. KeyCorp raised their price objective on shares of XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 28th. Finally, Credit Suisse Group lifted their price target on shares of XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $65.75.
About XPO Logistics
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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