IFM Investors Pty Ltd Takes $484,000 Position in XPO Logistics Inc (XPO)
IFM Investors Pty Ltd acquired a new stake in XPO Logistics Inc (NYSE:XPO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,836 shares of the transportation company’s stock, valued at approximately $484,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of XPO. DnB Asset Management AS purchased a new stake in shares of XPO Logistics in the second quarter valued at about $1,172,000. Gulf International Bank UK Ltd purchased a new stake in shares of XPO Logistics in the second quarter valued at about $3,809,000. Brown Advisory Inc. boosted its holdings in shares of XPO Logistics by 213.4% in the first quarter. Brown Advisory Inc. now owns 9,524 shares of the transportation company’s stock valued at $969,000 after acquiring an additional 6,485 shares in the last quarter. Avalon Advisors LLC boosted its holdings in shares of XPO Logistics by 10.5% in the first quarter. Avalon Advisors LLC now owns 62,041 shares of the transportation company’s stock valued at $6,316,000 after acquiring an additional 5,890 shares in the last quarter. Finally, Chesapeake Wealth Management purchased a new stake in shares of XPO Logistics in the first quarter valued at about $516,000.
Several analysts have recently weighed in on the stock. Bank of America reaffirmed a “buy” rating and issued a $105.00 target price on shares of XPO Logistics in a report on Friday, May 4th. Zacks Investment Research downgraded shares of XPO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, April 14th. Oppenheimer lifted their target price on shares of XPO Logistics from $104.00 to $119.00 and gave the company an “outperform” rating in a report on Wednesday, April 18th. Cowen lifted their target price on shares of XPO Logistics from $100.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Finally, Stifel Nicolaus assumed coverage on shares of XPO Logistics in a report on Tuesday, June 19th. They issued a “hold” rating and a $118.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $108.62.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, May 2nd. The transportation company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.91 billion. XPO Logistics had a net margin of 2.34% and a return on equity of 7.95%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. equities analysts predict that XPO Logistics Inc will post 3.47 earnings per share for the current year.
About XPO Logistics
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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