Fishman Jay A Ltd. MI lowered its position in XPO Logistics Inc (NYSE:XPO) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 270,148 shares of the transportation company’s stock after selling 1,750 shares during the quarter. XPO Logistics comprises about 3.6% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 9th largest position. Fishman Jay A Ltd. MI owned 0.29% of XPO Logistics worth $19,334,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in XPO. SG Americas Securities LLC increased its stake in XPO Logistics by 397.8% in the 3rd quarter. SG Americas Securities LLC now owns 16,492 shares of the transportation company’s stock worth $1,180,000 after buying an additional 13,179 shares during the period. First Trust Advisors LP increased its stake in XPO Logistics by 68.0% in the 3rd quarter. First Trust Advisors LP now owns 112,790 shares of the transportation company’s stock worth $8,072,000 after buying an additional 45,644 shares during the period. Parallel Advisors LLC increased its stake in XPO Logistics by 7.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,972 shares of the transportation company’s stock worth $141,000 after buying an additional 138 shares during the period. Creative Planning purchased a new position in XPO Logistics in the 3rd quarter worth about $204,000. Finally, IFM Investors Pty Ltd increased its stake in XPO Logistics by 38.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 9,704 shares of the transportation company’s stock worth $695,000 after buying an additional 2,712 shares during the period.
XPO Logistics stock traded down $0.05 during trading on Friday, reaching $84.64. The company had a trading volume of 569,713 shares, compared to its average volume of 1,865,079. The firm’s 50-day simple moving average is $75.18 and its 200 day simple moving average is $65.71. XPO Logistics Inc has a 1-year low of $41.05 and a 1-year high of $86.47. The firm has a market capitalization of $7.82 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 0.69 and a beta of 2.48. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.07 and a current ratio of 1.07.
XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Monday, October 28th. The transportation company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. XPO Logistics had a net margin of 2.31% and a return on equity of 13.87%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the company earned $0.89 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. Analysts anticipate that XPO Logistics Inc will post 3.99 EPS for the current year.
In other XPO Logistics news, Director Jason D. Papastavrou purchased 1,375 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $75.42 per share, with a total value of $103,702.50. Following the purchase, the director now owns 13,875 shares in the company, valued at $1,046,452.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 18.70% of the stock is currently owned by company insiders.
Several research analysts have issued reports on the stock. Zacks Investment Research reiterated a “hold” rating on shares of XPO Logistics in a report on Saturday, October 12th. Stifel Nicolaus raised their price target on shares of XPO Logistics from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. ValuEngine raised shares of XPO Logistics from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Barclays lifted their target price on shares of XPO Logistics from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, SunTrust Banks lifted their target price on shares of XPO Logistics from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. XPO Logistics has a consensus rating of “Buy” and a consensus target price of $83.53.
XPO Logistics Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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