Geode Capital Management LLC grew its stake in shares of XPO Logistics Inc (NYSE:XPO) by 7.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 829,694 shares of the transportation company’s stock after purchasing an additional 54,282 shares during the period. Geode Capital Management LLC owned approximately 0.69% of XPO Logistics worth $75,991,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of XPO. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of XPO Logistics during the 3rd quarter worth $102,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of XPO Logistics during the 4th quarter worth $172,000. Oak Point Wealth Management purchased a new stake in shares of XPO Logistics during the 4th quarter worth $220,000. Pillar Pacific Capital Management LLC purchased a new stake in shares of XPO Logistics during the 4th quarter worth $224,000. Finally, Commonwealth Equity Services Inc acquired a new position in shares of XPO Logistics during the 3rd quarter worth $230,000.
Several research analysts have recently issued reports on the company. Deutsche Bank reaffirmed a “buy” rating on shares of XPO Logistics in a research note on Friday, December 22nd. Credit Suisse Group cut their price target on XPO Logistics from $106.00 to $104.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. CIBC cut their price target on XPO Logistics from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Monday, November 20th. Macquarie lifted their price target on XPO Logistics from $80.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 27th. Finally, Stephens set a $95.00 price target on XPO Logistics and gave the stock a “hold” rating in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $96.60.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, February 7th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. XPO Logistics had a net margin of 2.11% and a return on equity of 7.29%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. equities analysts expect that XPO Logistics Inc will post 3.42 earnings per share for the current fiscal 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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