Macquarie Group Ltd. cut its holdings in shares of XPO Logistics, Inc. (NYSE:XPO) by 62.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 224,060 shares of the transportation company’s stock after selling 375,985 shares during the period. Macquarie Group Ltd. owned approximately 0.19% of XPO Logistics worth $15,187,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of XPO. Advisors Asset Management Inc. grew its position in shares of XPO Logistics by 18.4% during the 2nd 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 stake in shares of XPO Logistics during the 2nd quarter valued at about $205,000. Boston Advisors LLC acquired a new stake in shares of XPO Logistics during the 2nd quarter valued at about $212,000. BNP Paribas Arbitrage SA grew its position in shares of XPO Logistics by 49.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock valued at $219,000 after acquiring an additional 1,129 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in shares of XPO Logistics during the 2nd quarter valued at about $225,000. Hedge funds and other institutional investors own 94.57% of the company’s stock.
XPO Logistics, Inc. (NYSE XPO) traded up $0.13 during mid-day trading on Monday, reaching $76.78. The company had a trading volume of 365,900 shares, compared to its average volume of 1,511,751. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24. XPO Logistics, Inc. has a 12 month low of $42.07 and a 12 month high of $77.90. 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 (NYSE:XPO) last posted its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the firm posted $0.41 EPS. XPO Logistics’s revenue was up 4.7% compared to the same quarter last year. equities research analysts anticipate that XPO Logistics, Inc. will post 1.92 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the company. CIBC dropped their target price on XPO Logistics from $77.00 to $75.00 and set an “outperform” rating on the stock in a research report on Monday, November 20th. Stifel Nicolaus raised their target price on XPO Logistics from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Goldman Sachs Group Inc assumed coverage on XPO Logistics in a research report on Monday, November 13th. They set a “buy” rating and a $90.00 target price on the stock. BidaskClub cut XPO Logistics from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Credit Suisse Group raised their target price on XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $77.59.
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XPO Logistics Company 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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