Columbus Circle Investors grew its position in shares of XPO Logistics Inc (NYSE:XPO) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 340,006 shares of the transportation company’s stock after buying an additional 2,736 shares during the period. Columbus Circle Investors owned approximately 0.27% of XPO Logistics worth $38,818,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Kendall Capital Management boosted its stake in XPO Logistics by 36.0% in the third quarter. Kendall Capital Management now owns 7,610 shares of the transportation company’s stock valued at $869,000 after buying an additional 2,015 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in XPO Logistics by 5.1% in the third quarter. Oppenheimer & Co. Inc. now owns 54,374 shares of the transportation company’s stock valued at $6,207,000 after buying an additional 2,623 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in XPO Logistics by 12.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 7,202 shares of the transportation company’s stock valued at $822,000 after buying an additional 812 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in XPO Logistics by 3.5% in the third quarter. Russell Investments Group Ltd. now owns 976,750 shares of the transportation company’s stock valued at $111,562,000 after buying an additional 32,818 shares in the last quarter. Finally, Viridian Ria LLC acquired a new stake in XPO Logistics in the third quarter valued at about $993,000. Institutional investors own 92.32% of the company’s stock.
XPO has been the topic of several research analyst reports. Deutsche Bank reaffirmed a “buy” rating and issued a $142.00 price objective (up from $133.00) on shares of XPO Logistics in a research note on Thursday, August 2nd. R. F. Lafferty initiated coverage on XPO Logistics in a research note on Tuesday, July 10th. They issued a “buy” rating and a $125.00 price objective on the stock. Jefferies Financial Group initiated coverage on XPO Logistics in a research note on Wednesday, October 3rd. They issued a “buy” rating and a $145.00 price objective on the stock. Stifel Nicolaus raised their price objective on XPO Logistics from $118.00 to $126.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Finally, Bank of America reduced their price objective on XPO Logistics from $117.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. XPO Logistics currently has an average rating of “Buy” and a consensus target price of $113.30.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.01. XPO Logistics had a return on equity of 9.12% and a net margin of 2.84%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that XPO Logistics Inc will post 3.48 earnings per share for the current fiscal 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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