Odey Asset Management Group Ltd Purchases Shares of 10,723 XPO Logistics Inc (XPO)
Odey Asset Management Group Ltd purchased a new stake in XPO Logistics Inc (NYSE:XPO) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,723 shares of the transportation company’s stock, valued at approximately $1,074,000.
Other large investors also recently added to or reduced their stakes in the company. Gables Capital Management Inc. bought a new stake in XPO Logistics in the first quarter valued at $102,000. Signet Financial Management LLC bought a new stake in XPO Logistics in the second quarter valued at $127,000. Summit Trail Advisors LLC boosted its holdings in XPO Logistics by 22,168.7% in the first quarter. Summit Trail Advisors LLC now owns 186,166 shares of the transportation company’s stock valued at $186,000 after acquiring an additional 185,330 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in XPO Logistics in the first quarter valued at $198,000. Finally, First Allied Advisory Services Inc. bought a new stake in XPO Logistics in the first quarter valued at $200,000. Institutional investors and hedge funds own 92.89% of the company’s stock.
XPO has been the topic of several recent analyst reports. Deutsche Bank reiterated a “buy” rating and issued a $142.00 price target (up previously from $133.00) on shares of XPO Logistics in a report on Thursday, August 2nd. R. F. Lafferty initiated coverage on shares of XPO Logistics in a report on Tuesday, July 10th. They set a “buy” rating and a $125.00 target price on the stock. ValuEngine cut shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Friday, June 29th. Stifel Nicolaus initiated coverage on shares of XPO Logistics in a report on Tuesday, June 19th. They set a “hold” rating and a $118.00 target price on the stock. Finally, Bank of America dropped their target price on shares of XPO Logistics from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $110.09.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.01. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.29 billion. XPO Logistics had a return on equity of 9.12% and a net margin of 2.84%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. sell-side analysts expect that XPO Logistics Inc will post 3.49 earnings per share for the current year.
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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