XPO Logistics Inc (XPO) Shares Bought by Advisors Asset Management Inc.
Advisors Asset Management Inc. increased its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 1,406.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 37,280 shares of the transportation company’s stock after acquiring an additional 34,806 shares during the period. Advisors Asset Management Inc.’s holdings in XPO Logistics were worth $230,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of XPO. Voya Investment Management LLC lifted its stake in shares of XPO Logistics by 87.8% during the 2nd quarter. Voya Investment Management LLC now owns 2,067,804 shares of the transportation company’s stock worth $207,153,000 after acquiring an additional 966,927 shares during the last quarter. Epoch Investment Partners Inc. raised its position in XPO Logistics by 1,019.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 894,315 shares of the transportation company’s stock valued at $89,593,000 after purchasing an additional 814,403 shares in the last quarter. BlackRock Inc. raised its position in XPO Logistics by 14.9% during the 2nd quarter. BlackRock Inc. now owns 5,831,257 shares of the transportation company’s stock valued at $584,174,000 after purchasing an additional 758,293 shares in the last quarter. Canada Pension Plan Investment Board raised its position in XPO Logistics by 425.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 649,600 shares of the transportation company’s stock valued at $65,077,000 after purchasing an additional 525,900 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in XPO Logistics during the 2nd quarter valued at $40,970,000. 92.92% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on XPO Logistics from $118.00 to $126.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. Bank of America decreased their target price on XPO Logistics from $117.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. R. F. Lafferty assumed coverage on XPO Logistics in a research report on Tuesday, July 10th. They set a “buy” rating and a $125.00 target price for the company. Jefferies Financial Group assumed coverage on XPO Logistics in a research report on Wednesday, October 3rd. They set a “buy” rating and a $145.00 target price for the company. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $142.00 target price (up from $133.00) on shares of XPO Logistics in a research report on Thursday, August 2nd. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $113.30.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.01. XPO Logistics had a return on equity of 9.12% and a net margin of 2.84%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the business posted $0.60 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts forecast that XPO Logistics Inc will post 3.49 EPS for the current year.
XPO Logistics Company Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.
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