Lateef Investment Management L.P. cut its holdings in XPO Logistics Inc (NYSE:XPO) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 553,729 shares of the transportation company’s stock after selling 68,776 shares during the period. XPO Logistics accounts for approximately 4.8% of Lateef Investment Management L.P.’s portfolio, making the stock its 4th biggest holding. Lateef Investment Management L.P. owned 0.46% of XPO Logistics worth $50,716,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of XPO. Fuller & Thaler Asset Management Inc. bought a new position in shares of XPO Logistics in the third quarter worth about $102,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of XPO Logistics in the fourth quarter worth about $172,000. Oak Point Wealth Management bought a new position in shares of XPO Logistics in the fourth quarter worth about $220,000. Pillar Pacific Capital Management LLC bought a new position in shares of XPO Logistics in the fourth quarter worth about $224,000. Finally, Commonwealth Equity Services Inc bought a new position in shares of XPO Logistics in the third quarter worth about $230,000.
Shares of XPO Logistics Inc (NYSE XPO) opened at $106.00 on Monday. XPO Logistics Inc has a 1 year low of $44.51 and a 1 year high of $106.00. The firm has a market capitalization of $12,505.43, a PE ratio of 53.75, a P/E/G ratio of 1.04 and a beta of 2.41. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.20.
A number of equities analysts have recently commented on the company. Vetr upgraded XPO Logistics from a “buy” rating to a “strong-buy” rating and set a $98.77 price objective on the stock in a research note on Thursday, February 8th. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Thursday, February 15th. Bank of America dropped their price objective on XPO Logistics from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Stephens set a $95.00 price objective on XPO Logistics and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Cowen reiterated an “outperform” rating and issued a $100.00 price objective (up from $85.00) on shares of XPO Logistics in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $96.60.
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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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