E&G Advisors LP decreased its position in XPO Logistics Inc (NYSE:XPO) by 35.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,875 shares of the transportation company’s stock after selling 2,700 shares during the period. E&G Advisors LP’s holdings in XPO Logistics were worth $447,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IHT Wealth Management LLC purchased a new stake in shares of XPO Logistics in the second quarter valued at approximately $1,147,000. K.J. Harrison & Partners Inc purchased a new stake in shares of XPO Logistics in the third quarter valued at approximately $847,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of XPO Logistics in the third quarter valued at approximately $102,000. Oak Point Wealth Management purchased a new stake in shares of XPO Logistics in the fourth quarter valued at approximately $220,000. Finally, Atria Investments LLC purchased a new stake in shares of XPO Logistics in the fourth quarter valued at approximately $230,000.
XPO has been the subject of a number of research reports. Citigroup lowered their price target on XPO Logistics from $110.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, December 26th. Deutsche Bank reissued a “buy” rating on shares of XPO Logistics in a research note on Friday, December 22nd. Stifel Nicolaus reduced their price objective on shares of XPO Logistics from $120.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, January 2nd. Bank of America set a $103.00 price objective on shares of XPO Logistics and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, Macquarie boosted their price objective on shares of XPO Logistics from $80.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 27th. Two 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 company’s stock. XPO Logistics presently has an average rating of “Buy” and a consensus price target of $89.50.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. equities research analysts anticipate that XPO Logistics Inc will post 1.93 EPS for the current year.
About XPO Logistics
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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