Gofen & Glossberg LLC IL maintained its stake in XPO Logistics, Inc. (NYSE:XPO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,390 shares of the transportation company’s stock at the end of the second quarter. Gofen & Glossberg LLC IL’s holdings in XPO Logistics were worth $284,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. IHT Wealth Management LLC acquired a new position in XPO Logistics in the second quarter valued at approximately $1,147,000. Envestnet Asset Management Inc. boosted its stake in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 1,993 shares during the period. Advisors Asset Management Inc. boosted its stake in XPO Logistics by 18.4% in the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after acquiring an additional 466 shares during the period. Argent Trust Co acquired a new position in XPO Logistics in the second quarter valued at approximately $205,000. Finally, Boston Advisors LLC acquired a new position in XPO Logistics in the second quarter valued at approximately $212,000. Institutional investors own 89.55% of the company’s stock.
A number of equities analysts have commented on XPO shares. Bank of America Corporation started coverage on XPO Logistics in a research note on Wednesday, June 28th. They issued a “buy” rating and a $72.00 target price for the company. KeyCorp lifted their target price on XPO Logistics from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Friday, July 7th. Stifel Nicolaus restated a “buy” rating and issued a $78.00 target price (up from $65.00) on shares of XPO Logistics in a research note on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. lifted their target price on XPO Logistics from $63.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.13.
XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. XPO Logistics’s revenue was up 2.1% compared to the same quarter last year.
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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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