Mar Vista Investment Partners LLC Takes Position in XPO Logistics Inc (XPO)
Mar Vista Investment Partners LLC acquired a new stake in XPO Logistics Inc (NYSE:XPO) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,100,620 shares of the transportation company’s stock, valued at approximately $100,806,000. XPO Logistics makes up 3.8% of Mar Vista Investment Partners LLC’s holdings, making the stock its 9th largest holding.
Other institutional investors have also added to or reduced their stakes in the company. Caxton Associates LP bought a new position in XPO Logistics in the 2nd quarter valued at $317,000. Raymond James Financial Services Advisors Inc. bought a new position in XPO Logistics in the 2nd quarter valued at $682,000. California State Teachers Retirement System boosted its holdings in XPO Logistics by 2.9% in the 2nd quarter. California State Teachers Retirement System now owns 198,620 shares of the transportation company’s stock valued at $12,837,000 after purchasing an additional 5,505 shares during the period. Public Employees Retirement System of Ohio bought a new position in XPO Logistics in the 2nd quarter valued at $3,214,000. Finally, Eqis Capital Management Inc. bought a new position in XPO Logistics in the 3rd quarter valued at $231,000.
Shares of XPO Logistics Inc (NYSE XPO) opened at $86.01 on Friday. XPO Logistics Inc has a fifty-two week low of $44.51 and a fifty-two week high of $98.37. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24. The stock has a market cap of $10,312.60, a price-to-earnings ratio of 44.34, a PEG ratio of 0.74 and a beta of 2.55.
Several research analysts have commented on the stock. Bank of America cut their price target on shares of XPO Logistics from $103.00 to $100.00 and set a “buy” rating for the company in a report on Thursday. Vetr raised shares of XPO Logistics from a “buy” rating to a “strong-buy” rating and set a $98.77 price target for the company in a report on Thursday. Cowen reissued an “outperform” rating and issued a $100.00 price target (up from $85.00) on shares of XPO Logistics in a report on Friday. Stephens set a $95.00 price target on shares of XPO Logistics and gave the company a “hold” rating in a report on Friday. Finally, Macquarie raised their price target on shares of XPO Logistics from $80.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, December 27th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $93.57.
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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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