Penn Capital Management Co. Inc. trimmed its holdings in XPO Logistics Inc (NYSE:XPO) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,231 shares of the transportation company’s stock after selling 1,647 shares during the period. Penn Capital Management Co. Inc.’s holdings in XPO Logistics were worth $4,980,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of XPO. K.J. Harrison & Partners Inc purchased a new position in shares of XPO Logistics in the third quarter valued at approximately $847,000. Fuller & Thaler Asset Management Inc. acquired a new stake in XPO Logistics in the third quarter valued at approximately $102,000. Benjamin F. Edwards & Company Inc. acquired a new stake in XPO Logistics in the fourth quarter valued at approximately $172,000. Oak Point Wealth Management acquired a new stake in XPO Logistics during the fourth quarter worth approximately $220,000. Finally, Pillar Pacific Capital Management LLC acquired a new stake in XPO Logistics during the fourth quarter worth approximately $224,000.
Shares of XPO Logistics Inc (XPO) opened at $102.96 on Wednesday. The firm has a market capitalization of $12,340.00, a price-to-earnings ratio of 93.60, a price-to-earnings-growth ratio of 1.04 and a beta of 2.41. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. XPO Logistics Inc has a 52-week low of $44.51 and a 52-week high of $106.20.
A number of brokerages have recently commented on XPO. Vetr raised shares of XPO Logistics from a “buy” rating to a “strong-buy” rating and set a $98.77 target price on the stock in a report on Thursday, February 8th. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Thursday, February 15th. Bank of America decreased their target price on shares of XPO Logistics from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Stephens set a $95.00 price objective on shares of XPO Logistics and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Cowen reiterated an “outperform” rating and issued a $100.00 price objective (up from $85.00) on shares of XPO Logistics in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $96.60.
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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