Bank of Montreal Can lifted its holdings in XPO Logistics Inc (NYSE:XPO) by 26.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,993 shares of the transportation company’s stock after purchasing an additional 6,638 shares during the period. Bank of Montreal Can’s holdings in XPO Logistics were worth $2,930,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. K.J. Harrison & Partners Inc acquired a new stake in XPO Logistics in the 3rd quarter worth about $847,000. Fuller & Thaler Asset Management Inc. acquired a new stake in XPO Logistics in the 3rd quarter worth about $102,000. Oak Point Wealth Management acquired a new position in shares of XPO Logistics during the 4th quarter worth approximately $220,000. Atria Investments LLC acquired a new position in shares of XPO Logistics during the 4th quarter worth approximately $230,000. Finally, Commonwealth Equity Services Inc acquired a new position in shares of XPO Logistics during the 3rd quarter worth approximately $230,000.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut XPO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. KeyCorp restated a “buy” rating and set a $110.00 target price on shares of XPO Logistics in a report on Friday, January 12th. Bank of America set a $103.00 target price on XPO Logistics and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Oppenheimer restated a “buy” rating and set a $104.00 target price on shares of XPO Logistics in a report on Tuesday, January 9th. Finally, Citigroup restated an “outperform” rating and set a $104.00 target price (up from $85.00) on shares of XPO Logistics in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $91.49.
XPO Logistics Inc (NYSE:XPO) opened at $85.04 on Friday. XPO Logistics Inc has a twelve month low of $44.51 and a twelve month high of $98.37. The company has a market capitalization of $10,190.00, a P/E ratio of 70.87, a P/E/G ratio of 0.78 and a beta of 2.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $3.90 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. equities analysts anticipate that XPO Logistics Inc will post 1.93 EPS for the current fiscal 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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