BKS Advisors LLC Has $4.38 Million Stake in XPO Logistics, Inc. (XPO)
BKS Advisors LLC increased its stake in XPO Logistics, Inc. (NYSE:XPO) by 46.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,741 shares of the transportation company’s stock after buying an additional 21,550 shares during the period. XPO Logistics accounts for approximately 1.8% of BKS Advisors LLC’s holdings, making the stock its 11th largest position. BKS Advisors LLC owned 0.06% of XPO Logistics worth $4,378,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in XPO. 1060 Capital LLC acquired a new stake in shares of XPO Logistics during the second quarter worth $16,158,000. DSAM Partners London Ltd acquired a new stake in shares of XPO Logistics during the second quarter worth $15,913,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of XPO Logistics by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock worth $274,000 after buying an additional 373 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of XPO Logistics during the second quarter worth $12,476,000. Finally, Utah Retirement Systems acquired a new stake in shares of XPO Logistics during the second quarter worth $1,306,000. 89.55% of the stock is owned by institutional investors and hedge funds.
XPO Logistics, Inc. (NYSE XPO) opened at 59.76 on Wednesday. The firm’s 50 day moving average is $59.16 and its 200 day moving average is $54.22. XPO Logistics, Inc. has a 52-week low of $31.68 and a 52-week high of $65.44. The company has a market cap of $7.04 billion, a PE ratio of 68.45 and a beta of 2.31.
XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. XPO Logistics’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. Analysts forecast that XPO Logistics, Inc. will post $1.92 EPS for the current fiscal year.
A number of analysts have weighed in on the company. Stifel Nicolaus set a $77.00 price target on XPO Logistics and gave the stock a “buy” rating in a report on Wednesday, August 23rd. William Blair reiterated an “outperform” rating on shares of XPO Logistics in a report on Monday, August 7th. BidaskClub downgraded XPO Logistics from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley reiterated an “overweight” rating and set a $75.00 price target (up from $60.00) on shares of XPO Logistics in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded XPO Logistics from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $66.73.
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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