Suffolk Capital Management LLC Has $13.35 Million Position in XPO Logistics Inc (XPO)
Suffolk Capital Management LLC decreased its position in shares of XPO Logistics Inc (NYSE:XPO) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,926 shares of the transportation company’s stock after selling 5,250 shares during the period. XPO Logistics accounts for 1.9% of Suffolk Capital Management LLC’s holdings, making the stock its 19th biggest position. Suffolk Capital Management LLC’s holdings in XPO Logistics were worth $13,349,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of XPO. TRUE Private Wealth Advisors purchased a new position in shares of XPO Logistics in the third quarter worth $111,000. Stratos Wealth Partners LTD. purchased a new position in shares of XPO Logistics in the third quarter worth $118,000. Signet Financial Management LLC purchased a new position in shares of XPO Logistics in the second quarter worth $127,000. NEXT Financial Group Inc purchased a new position in shares of XPO Logistics in the third quarter worth $129,000. Finally, Cerebellum GP LLC acquired a new stake in shares of XPO Logistics in the third quarter worth $190,000. 93.16% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on the stock. KeyCorp cut their price objective on shares of XPO Logistics from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, August 3rd. Deutsche Bank reiterated a “buy” rating and issued a $142.00 price objective (up previously from $133.00) on shares of XPO Logistics in a research note on Thursday, August 2nd. Stifel Nicolaus increased their price objective on shares of XPO Logistics from $118.00 to $126.00 and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Bank of America cut their price objective on shares of XPO Logistics from $117.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. Finally, Jefferies Financial Group assumed coverage on shares of XPO Logistics in a research note on Wednesday, October 3rd. They issued a “buy” rating and a $145.00 price objective on the stock. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. XPO Logistics has an average rating of “Buy” and a consensus target price of $117.40.
XPO Logistics (NYSE:XPO) last released its quarterly 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 firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. Research analysts predict that XPO Logistics Inc will post 3.33 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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