DSAM Partners London Ltd Increases Stake in XPO Logistics, Inc. (XPO)
DSAM Partners London Ltd lifted its holdings in XPO Logistics, Inc. (NYSE:XPO) by 32.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 327,203 shares of the transportation company’s stock after purchasing an additional 80,989 shares during the period. XPO Logistics comprises 3.1% of DSAM Partners London Ltd’s holdings, making the stock its 15th biggest position. DSAM Partners London Ltd owned 0.28% of XPO Logistics worth $22,178,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in XPO Logistics by 461.3% during the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 1,993 shares during the last quarter. Advisors Asset Management Inc. increased its stake in 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 purchasing an additional 466 shares in the last quarter. Argent Trust Co acquired a new position in XPO Logistics during the 2nd quarter valued at approximately $205,000. Boston Advisors LLC acquired a new position in XPO Logistics during the 2nd quarter valued at approximately $212,000. Finally, HighTower Advisors LLC acquired a new position in XPO Logistics during the 1st quarter valued at approximately $214,000. 90.14% of the stock is owned by hedge funds and other institutional investors.
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XPO has been the topic of a number of recent analyst reports. J P Morgan Chase & Co upped their price target on shares of XPO Logistics from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. BidaskClub lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley upped their price target on shares of XPO Logistics from $60.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. KeyCorp restated a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a research note on Thursday, October 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 price objective (down previously from $78.00) on shares of XPO Logistics in a research note on Friday, July 21st. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. XPO Logistics currently has a consensus rating of “Buy” and a consensus target price of $71.13.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.34%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS.
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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