Gilman Hill Asset Management LLC lowered its stake in shares of XPO Logistics Inc (NYSE:XPO) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,396 shares of the transportation company’s stock after selling 484 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in XPO Logistics were worth $988,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in XPO Logistics by 223.4% in the third quarter. Quadrant Capital Group LLC now owns 692 shares of the transportation company’s stock valued at $45,000 after buying an additional 478 shares during the last quarter. IFP Advisors Inc increased its holdings in XPO Logistics by 29.8% in the fourth quarter. IFP Advisors Inc now owns 876 shares of the transportation company’s stock valued at $70,000 after buying an additional 201 shares during the last quarter. NEXT Financial Group Inc increased its holdings in XPO Logistics by 27.9% in the third quarter. NEXT Financial Group Inc now owns 995 shares of the transportation company’s stock valued at $71,000 after buying an additional 217 shares during the last quarter. Pacitti Group Inc. purchased a new position in XPO Logistics in the third quarter valued at $111,000. Finally, Parallel Advisors LLC increased its holdings in XPO Logistics by 7.5% in the third quarter. Parallel Advisors LLC now owns 1,972 shares of the transportation company’s stock valued at $141,000 after buying an additional 138 shares during the last quarter.
In other news, major shareholder Spruce House Partnership Lp sold 252,900 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $84.07, for a total transaction of $21,261,303.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 552,900 shares of company stock valued at $46,723,803 in the last 90 days. 18.70% of the stock is currently owned by insiders.
XPO has been the topic of several recent analyst reports. Cowen increased their target price on XPO Logistics from $98.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday. Credit Suisse Group increased their target price on XPO Logistics from $79.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley dropped their target price on XPO Logistics from $84.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Barclays increased their target price on 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 upped their price objective on shares of XPO Logistics from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $83.71.
NYSE XPO traded down $0.26 during trading hours on Friday, hitting $95.09. The company had a trading volume of 24,399 shares, compared to its average volume of 1,411,484. 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 Inc has a 1-year low of $45.73 and a 1-year high of $96.20. The company has a market cap of $7.53 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 0.57 and a beta of 2.48. The business has a 50 day moving average of $80.68 and a 200-day moving average of $73.61.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Monday, October 28th. The transportation company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. XPO Logistics had a net margin of 2.31% and a return on equity of 13.87%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. XPO Logistics’s revenue for the quarter was down 4.2% on a year-over-year basis. Sell-side analysts expect that XPO Logistics Inc will post 4 earnings per share for the current fiscal year.
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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