Comerica Bank lowered its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,171 shares of the transportation company’s stock after selling 1,259 shares during the period. Comerica Bank owned 0.06% of XPO Logistics worth $4,157,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of XPO. Lyrical Asset Management LP acquired a new stake in XPO Logistics during the 2nd quarter worth $176,926,000. Baupost Group LLC MA acquired a new stake in XPO Logistics during the 2nd quarter worth $86,715,000. ValueAct Holdings L.P. acquired a new stake in XPO Logistics during the 2nd quarter worth $57,810,000. North Peak Capital Management LLC acquired a new stake in XPO Logistics during the 2nd quarter worth $17,820,000. Finally, Nuveen Asset Management LLC acquired a new stake in XPO Logistics during the 2nd quarter worth $13,920,000.
In related news, Director Jason D. Papastavrou bought 1,375 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $75.42 per share, for a total transaction of $103,702.50. Following the completion of the acquisition, the director now owns 13,875 shares in the company, valued at $1,046,452.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.70% of the stock is currently owned by insiders.
XPO has been the subject of a number of recent research reports. Jefferies Financial Group increased their price target on shares of XPO Logistics from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. They noted that the move was a valuation call. Bank of America cut shares of XPO Logistics from a “buy” rating to a “neutral” rating and increased their price target for the stock from $76.00 to $87.00 in a research note on Wednesday, October 30th. Credit Suisse Group increased their price target on shares of XPO Logistics from $79.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. ValuEngine upgraded shares of XPO Logistics from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, TheStreet upgraded shares of XPO Logistics from a “c+” rating to a “b” rating in a research note on Friday, August 2nd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $83.53.
Shares of NYSE XPO opened at $84.64 on Friday. The company has a market cap of $7.82 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 0.69 and a beta of 2.48. XPO Logistics Inc has a 12 month low of $41.05 and a 12 month high of $86.47. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.07 and a quick ratio of 1.07. The company has a 50-day simple moving average of $75.18 and a 200-day simple moving average of $65.71.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Monday, October 28th. The transportation company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. XPO Logistics had a net margin of 2.31% and a return on equity of 13.87%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts anticipate that XPO Logistics Inc will post 3.99 EPS for the current year.
XPO Logistics Company Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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