TD Asset Management Inc. lifted its position in shares of XPO Logistics Inc (NYSE:XPO) by 20.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 283,654 shares of the transportation company’s stock after acquiring an additional 48,567 shares during the period. TD Asset Management Inc. owned about 0.22% of XPO Logistics worth $32,385,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of XPO Logistics by 10.8% during the 1st quarter. Principal Financial Group Inc. now owns 14,572 shares of the transportation company’s stock valued at $1,484,000 after acquiring an additional 1,424 shares in the last quarter. Kendall Capital Management raised its position in shares of XPO Logistics by 58.5% during the 2nd quarter. Kendall Capital Management now owns 5,595 shares of the transportation company’s stock valued at $561,000 after acquiring an additional 2,065 shares in the last quarter. United Services Automobile Association raised its position in shares of XPO Logistics by 34.3% during the 2nd quarter. United Services Automobile Association now owns 21,321 shares of the transportation company’s stock valued at $2,136,000 after acquiring an additional 5,449 shares in the last quarter. Morgan Stanley raised its position in shares of XPO Logistics by 9.5% during the 2nd quarter. Morgan Stanley now owns 1,037,587 shares of the transportation company’s stock valued at $103,945,000 after acquiring an additional 90,218 shares in the last quarter. Finally, Marietta Investment Partners LLC raised its position in shares of XPO Logistics by 534.6% during the 2nd quarter. Marietta Investment Partners LLC now owns 28,418 shares of the transportation company’s stock valued at $2,847,000 after acquiring an additional 23,940 shares in the last quarter. 92.22% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on XPO. ValuEngine lowered XPO Logistics from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley upped their price target on XPO Logistics from $125.00 to $128.00 and gave the company an “overweight” rating in a research report on Monday, November 5th. Credit Suisse Group dropped their price target on XPO Logistics from $125.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. JPMorgan Chase & Co. lowered their price objective on XPO Logistics from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Finally, KeyCorp lowered their price objective on XPO Logistics from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $113.73.
Shares of XPO opened at $81.03 on Friday. The firm has a market cap of $11.17 billion, a P/E ratio of 41.55, a P/E/G ratio of 0.70 and a beta of 2.56. The company has a quick ratio of 1.26, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. XPO Logistics Inc has a 12 month low of $71.06 and a 12 month high of $116.27.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, October 31st. The transportation company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.09). The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.40 billion. XPO Logistics had a return on equity of 9.70% and a net margin of 3.04%. XPO Logistics’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. On average, equities analysts forecast that XPO Logistics Inc will post 3.33 earnings per share for the current fiscal year.
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XPO Logistics Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.
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