Allianz Asset Management GmbH Acquires 47,748 Shares of XPO Logistics, Inc. (XPO)
Allianz Asset Management GmbH lifted its holdings in shares of XPO Logistics, Inc. (NYSE:XPO) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,842 shares of the transportation company’s stock after acquiring an additional 47,748 shares during the quarter. Allianz Asset Management GmbH owned about 0.34% of XPO Logistics worth $27,508,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new position in XPO Logistics in the 3rd quarter worth $102,000. Advisors Asset Management Inc. lifted its holdings in XPO Logistics by 18.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after buying an additional 466 shares in the last quarter. Argent Trust Co acquired a new position in XPO Logistics in the 2nd quarter worth $205,000. BNP Paribas Arbitrage SA lifted its holdings in XPO Logistics by 49.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock worth $219,000 after buying an additional 1,129 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of XPO Logistics in the 2nd quarter worth about $225,000.
Shares of XPO Logistics, Inc. (NYSE XPO) traded down $0.44 during trading hours on Monday, hitting $76.83. 218,203 shares of the stock were exchanged, compared to its average volume of 1,503,641. The firm has a market cap of $9,260.00, a price-to-earnings ratio of 44.67, a P/E/G ratio of 1.11 and a beta of 2.51. XPO Logistics, Inc. has a 12 month low of $42.07 and a 12 month high of $80.10. 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 (NYSE:XPO) last released its earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the business earned $0.41 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. equities analysts forecast that XPO Logistics, Inc. will post 1.92 earnings per share for the current fiscal year.
Several research firms have recently weighed in on XPO. CIBC dropped their target price on shares of XPO Logistics from $77.00 to $75.00 and set an “outperform” rating for the company in a research report on Monday, November 20th. Oppenheimer boosted their target price on shares of XPO Logistics from $77.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 20th. Goldman Sachs Group assumed coverage on shares of XPO Logistics in a research report on Monday, November 13th. They issued a “buy” rating and a $90.00 target price for the company. Wells Fargo & Company boosted their price objective on shares of XPO Logistics to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus boosted their price objective on shares of XPO Logistics from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Three 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 company. XPO Logistics presently has an average rating of “Buy” and an average price target 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.
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