Suffolk Capital Management LLC reduced its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 31.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 158,675 shares of the transportation company’s stock after selling 73,646 shares during the period. XPO Logistics comprises about 1.9% of Suffolk Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. Suffolk Capital Management LLC owned 0.13% of XPO Logistics worth $14,533,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of XPO. American Century Companies Inc. boosted its position in shares of XPO Logistics by 94.6% during the 3rd quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock valued at $208,090,000 after acquiring an additional 1,492,525 shares in the last quarter. Mar Vista Investment Partners LLC acquired a new stake in shares of XPO Logistics during the 4th quarter valued at about $100,806,000. Victory Capital Management Inc. boosted its position in shares of XPO Logistics by 37.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock valued at $149,485,000 after acquiring an additional 603,866 shares in the last quarter. Hennessy Advisors Inc. boosted its position in shares of XPO Logistics by 509.8% during the 4th quarter. Hennessy Advisors Inc. now owns 493,900 shares of the transportation company’s stock valued at $45,236,000 after acquiring an additional 412,900 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of XPO Logistics by 503.9% during the 3rd quarter. First Trust Advisors LP now owns 457,598 shares of the transportation company’s stock valued at $31,016,000 after acquiring an additional 381,825 shares in the last quarter.
XPO has been the topic of several recent research reports. Deutsche Bank reiterated a “buy” rating on shares of XPO Logistics in a research report on Thursday, December 28th. Bank of America set a $103.00 target price on shares of XPO Logistics and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday. Oppenheimer reissued a “buy” rating and set a $104.00 price target on shares of XPO Logistics in a report on Tuesday, January 9th. Finally, Vetr raised shares of XPO Logistics from a “buy” rating to a “strong-buy” rating and set a $98.77 price target for the company in a report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. XPO Logistics has a consensus rating of “Buy” and an average price target of $96.20.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, February 7th. The transportation company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. XPO Logistics had a net margin of 2.11% and a return on equity of 7.29%. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. sell-side analysts anticipate that XPO Logistics Inc will post 3.39 EPS for the current year.
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XPO Logistics Profile
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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