Parkside Investments LLC Buys New Stake in XPO Logistics, Inc. (XPO)
Parkside Investments LLC bought a new stake in XPO Logistics, Inc. (NYSE:XPO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,980 shares of the transportation company’s stock, valued at approximately $1,625,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. New York State Common Retirement Fund lifted its position in shares of XPO Logistics by 6.7% during the third quarter. New York State Common Retirement Fund now owns 269,910 shares of the transportation company’s stock worth $18,294,000 after purchasing an additional 17,000 shares in the last quarter. BTC Capital Management Inc. lifted its position in shares of XPO Logistics by 11.9% during the third quarter. BTC Capital Management Inc. now owns 50,785 shares of the transportation company’s stock worth $3,438,000 after purchasing an additional 5,399 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of XPO Logistics by 438.9% during the third quarter. BNP Paribas Arbitrage SA now owns 18,278 shares of the transportation company’s stock worth $1,239,000 after purchasing an additional 14,886 shares in the last quarter. Suffolk Capital Management LLC acquired a new stake in shares of XPO Logistics during the third quarter worth about $15,747,000. Finally, Jennison Associates LLC acquired a new stake in shares of XPO Logistics during the third quarter worth about $20,334,000. 91.57% of the stock is currently owned by institutional investors.
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Several brokerages have recently issued reports on XPO. Stifel Nicolaus increased their price target on shares of XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Goldman Sachs Group, Inc. (The) began coverage on shares of XPO Logistics in a research report on Monday. They set a “buy” rating and a $90.00 price target on the stock. BidaskClub cut shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Credit Suisse Group increased their price target on shares of XPO Logistics from $68.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, September 29th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $77.00 price target (up previously from $75.00) on shares of XPO Logistics in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. XPO Logistics has a consensus rating of “Buy” and a consensus price target of $75.17.
Shares of XPO Logistics, Inc. (NYSE XPO) traded up $1.04 during trading on Monday, reaching $72.10. 1,392,000 shares of the company’s stock traded hands, compared to its average volume of 1,522,847. The stock has a market capitalization of $8,660.00, a price-to-earnings ratio of 41.68, a P/E/G ratio of 1.04 and a beta of 2.47. XPO Logistics, Inc. has a one year low of $39.20 and a one year high of $74.87. 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 announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. sell-side analysts predict that XPO Logistics, Inc. will post 1.92 earnings per share for the current year.
XPO Logistics Company 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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