Allianz Asset Management GmbH reduced its holdings in XPO Logistics Inc (NYSE:XPO) by 25.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 156,993 shares of the transportation company’s stock after selling 53,414 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.12% of XPO Logistics worth $17,924,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of XPO. TRUE Private Wealth Advisors bought a new stake in XPO Logistics in the 3rd quarter valued at about $111,000. Stratos Wealth Partners LTD. bought a new stake in XPO Logistics in the 3rd quarter valued at about $118,000. Signet Financial Management LLC bought a new stake in XPO Logistics in the 2nd quarter valued at about $127,000. NEXT Financial Group Inc bought a new stake in XPO Logistics in the 3rd quarter valued at about $129,000. Finally, Cerebellum GP LLC bought a new stake in XPO Logistics in the 3rd quarter valued at about $190,000. Institutional investors own 94.08% of the company’s stock.
XPO has been the topic of several recent research reports. Stifel Nicolaus lifted their price objective on shares of XPO Logistics from $118.00 to $126.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. Jefferies Financial Group initiated coverage on shares of XPO Logistics in a research report on Wednesday, October 3rd. They issued a “buy” rating and a $145.00 price objective on the stock. Bank of America upgraded shares of XPO Logistics from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Tuesday, October 30th. They noted that the move was a valuation call. Cowen cut their price objective on shares of XPO Logistics from $121.00 to $112.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. Finally, KeyCorp cut their price objective on shares of XPO Logistics from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $117.40.
XPO Logistics stock opened at $66.46 on Friday. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 0.57 and a beta of 2.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. XPO Logistics Inc has a 52 week low of $66.09 and a 52 week high of $116.27.
XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, October 31st. The transportation company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.09). The company had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.40 billion. XPO Logistics had a net margin of 3.04% and a return on equity of 9.70%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. As a group, research analysts forecast that XPO Logistics Inc will post 3.33 earnings per share for the current 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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