XPO Logistics, Inc. (NYSE:XPO) Stake Lowered by Amalgamated Bank
Amalgamated Bank lowered its stake in XPO Logistics, Inc. (NYSE:XPO) by 0.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,313 shares of the transportation company’s stock after selling 1 shares during the period. Amalgamated Bank’s holdings in XPO Logistics were worth $590,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in XPO Logistics during the fourth quarter valued at about $2,383,000. State Street Corp raised its position in shares of XPO Logistics by 3.4% in the fourth quarter. State Street Corp now owns 1,958,896 shares of the transportation company’s stock valued at $84,546,000 after buying an additional 64,041 shares in the last quarter. FMR LLC acquired a new position in shares of XPO Logistics during the fourth quarter valued at about $58,317,000. Renaissance Technologies LLC purchased a new position in XPO Logistics during the fourth quarter worth $17,511,000. Finally, Guggenheim Capital LLC increased its position in XPO Logistics by 250.9% in the fourth quarter. Guggenheim Capital LLC now owns 42,617 shares of the transportation company’s stock worth $1,839,000 after buying an additional 30,471 shares during the period. 93.17% of the stock is owned by hedge funds and other institutional investors.
Shares of XPO Logistics, Inc. (XPO) traded up 1.40% on Friday, hitting $63.84. The company had a trading volume of 950,107 shares. XPO Logistics, Inc. has a 52 week low of $24.32 and a 52 week high of $65.44. The stock has a market capitalization of $7.13 billion, a PE ratio of 70.93 and a beta of 2.32. The firm’s 50 day moving average price is $57.65 and its 200-day moving average price is $50.03.
XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.14. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.55 billion. XPO Logistics had a return on equity of 5.63% and a net margin of 0.76%. Analysts forecast that XPO Logistics, Inc. will post $1.97 earnings per share for the current fiscal year.
XPO has been the subject of a number of recent research reports. Vertical Research assumed coverage on XPO Logistics in a research report on Thursday, April 13th. They set a “buy” rating and a $60.00 price target for the company. CIBC upped their price objective on XPO Logistics from $58.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $63.00 price target (up previously from $58.00) on shares of XPO Logistics in a research note on Friday, May 12th. Credit Suisse Group increased their price target on XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, Cowen and Company reiterated an “outperform” rating and set a $60.00 price objective on shares of XPO Logistics in a research report on Monday, May 22nd. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $64.81.
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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