Quantitative Systematic Strategies LLC Invests $1.64 Million in XPO Logistics, Inc. (XPO) Stock
Quantitative Systematic Strategies LLC acquired a new position in shares of XPO Logistics, Inc. (NYSE:XPO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 24,150 shares of the transportation company’s stock, valued at approximately $1,637,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in XPO Logistics by 719.7% during the 2nd quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock worth $101,957,000 after purchasing an additional 1,385,098 shares during the period. DSAM Partners London Ltd purchased a new position in XPO Logistics during the 2nd quarter worth $15,913,000. FMR LLC increased its holdings in XPO Logistics by 23.6% during the 1st quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after purchasing an additional 319,056 shares during the period. Cipher Capital LP increased its holdings in XPO Logistics by 10.1% during the 2nd quarter. Cipher Capital LP now owns 31,180 shares of the transportation company’s stock worth $2,015,000 after purchasing an additional 2,858 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in XPO Logistics by 111.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 130,821 shares of the transportation company’s stock worth $8,455,000 after purchasing an additional 68,854 shares during the period. Institutional investors own 89.55% of the company’s stock.
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XPO Logistics, Inc. (XPO) traded up 2.83% during mid-day trading on Friday, hitting $67.61. The stock had a trading volume of 1,317,241 shares. The stock has a market cap of $7.97 billion, a P/E ratio of 77.45 and a beta of 2.37. XPO Logistics, Inc. has a 52-week low of $31.68 and a 52-week high of $68.96. The firm has a 50-day moving average of $64.42 and a 200-day moving average of $58.43.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. On average, analysts forecast that XPO Logistics, Inc. will post $1.92 EPS for the current fiscal year.
Several research analysts have commented on the company. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $75.00 price objective on shares of XPO Logistics in a report on Thursday, October 12th. Stifel Nicolaus set a $77.00 price objective on XPO Logistics and gave the stock a “buy” rating in a report on Wednesday, August 23rd. William Blair restated an “outperform” rating on shares of XPO Logistics in a report on Monday, August 7th. J P Morgan Chase & Co raised their price objective on XPO Logistics from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Finally, Credit Suisse Group raised their price objective on XPO Logistics from $68.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $70.13.
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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