Russell Investments Group Ltd. increased its position in XPO Logistics, Inc. (NYSE:XPO) by 669.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 355,586 shares of the transportation company’s stock after purchasing an additional 309,355 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.30% of XPO Logistics worth $24,101,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Kiwi Wealth Investments Limited Partnership bought a new position in XPO Logistics in the third quarter worth approximately $4,564,000. Bank of New York Mellon Corp grew its stake in XPO Logistics by 7.7% in the third quarter. Bank of New York Mellon Corp now owns 366,878 shares of the transportation company’s stock worth $24,867,000 after purchasing an additional 26,095 shares in the last quarter. Rhumbline Advisers grew its stake in XPO Logistics by 1.5% in the third quarter. Rhumbline Advisers now owns 119,552 shares of the transportation company’s stock worth $8,103,000 after purchasing an additional 1,819 shares in the last quarter. Parkside Investments LLC bought a new position in XPO Logistics in the third quarter worth approximately $1,625,000. Finally, New York State Common Retirement Fund grew its stake in XPO Logistics by 6.7% in the third quarter. New York State Common Retirement Fund now owns 269,910 shares of the transportation company’s stock worth $18,294,000 after purchasing an additional 17,000 shares in the last quarter. 94.57% of the stock is currently owned by institutional investors.
XPO Logistics, Inc. (XPO) traded up $0.10 during trading on Friday, hitting $76.78. The stock had a trading volume of 365,973 shares, compared to its average volume of 1,511,234. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $9,204.62, a PE ratio of 44.38, a price-to-earnings-growth ratio of 1.11 and a beta of 2.47. XPO Logistics, Inc. has a 52-week low of $42.07 and a 52-week high of $77.90.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. equities research analysts forecast that XPO Logistics, Inc. will post 1.92 EPS for the current year.
Several research analysts recently issued reports on XPO shares. Barclays PLC increased their price objective on XPO Logistics from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Stifel Nicolaus set a $77.00 price objective on XPO Logistics and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Deutsche Bank AG reissued a “buy” rating and issued a $110.00 price objective on shares of XPO Logistics in a research note on Friday, November 3rd. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $75.00 price objective on shares of XPO Logistics in a research note on Thursday, October 12th. Finally, William Blair reissued an “outperform” rating on shares of XPO Logistics in a research note on Monday, August 7th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $77.59.
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.
Receive News & Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.