Asset Management One Co. Ltd. Acquires New Stake in XPO Logistics Inc (XPO)
Asset Management One Co. Ltd. acquired a new stake in XPO Logistics Inc (NYSE:XPO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,824 shares of the transportation company’s stock, valued at approximately $1,650,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Suffolk Capital Management LLC bought a new stake in shares of XPO Logistics in the third quarter valued at approximately $15,747,000. Sit Investment Associates Inc. boosted its position in shares of XPO Logistics by 120.3% in the third quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock valued at $1,683,000 after acquiring an additional 13,560 shares during the period. American Century Companies Inc. boosted its position in shares of XPO Logistics by 719.7% in the second quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock valued at $101,957,000 after acquiring an additional 1,385,098 shares during the period. DSAM Partners London Ltd bought a new position in XPO Logistics in the second quarter worth $15,913,000. Finally, Cipher Capital LP lifted its position in XPO Logistics by 10.1% in the second 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.
Several research analysts recently commented on the company. CIBC reduced their target price on XPO Logistics from $77.00 to $75.00 and set an “outperform” rating for the company in a research report on Monday, November 20th. Oppenheimer raised their target price on XPO Logistics from $77.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 20th. Goldman Sachs Group assumed coverage on XPO Logistics in a research report on Monday, November 13th. They issued a “buy” rating and a $90.00 target price for the company. Wells Fargo & Company raised their target price on XPO Logistics to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus raised their target price on XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Three 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 company. XPO Logistics currently has a consensus rating of “Buy” and a consensus price target of $78.69.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. equities research analysts anticipate that XPO Logistics Inc will post 1.92 EPS for the current year.
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XPO Logistics 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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