Virginia Retirement Systems ET AL Invests $326,000 in XPO Logistics Inc (XPO)

Virginia Retirement Systems ET AL acquired a new stake in shares of XPO Logistics Inc (NYSE:XPO) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,200 shares of the transportation company’s stock, valued at approximately $326,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XPO. Atria Investments LLC bought a new position in shares of XPO Logistics during the 4th quarter valued at about $230,000. Bank of Montreal Can boosted its holdings in shares of XPO Logistics by 26.2% during the 4th quarter. Bank of Montreal Can now owns 31,993 shares of the transportation company’s stock valued at $2,930,000 after purchasing an additional 6,638 shares during the last quarter. Creative Planning bought a new position in shares of XPO Logistics during the 4th quarter valued at about $341,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of XPO Logistics during the 4th quarter valued at about $172,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of XPO Logistics by 10.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 350,440 shares of the transportation company’s stock valued at $32,097,000 after purchasing an additional 32,973 shares during the last quarter.

Shares of XPO Logistics opened at $108.40 on Friday, Marketbeat reports. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.13. XPO Logistics Inc has a 12 month low of $51.86 and a 12 month high of $110.68. The stock has a market capitalization of $12.83 billion, a P/E ratio of 55.59, a price-to-earnings-growth ratio of 1.00 and a beta of 2.45.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, May 2nd. The transportation company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.10. XPO Logistics had a net margin of 2.34% and a return on equity of 7.95%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. sell-side analysts forecast that XPO Logistics Inc will post 3.49 earnings per share for the current year.

Several research analysts have commented on the stock. Cowen increased their price objective on shares of XPO Logistics from $100.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Credit Suisse Group increased their price objective on shares of XPO Logistics from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, May 4th. ValuEngine raised shares of XPO Logistics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Vetr downgraded shares of XPO Logistics from a “strong-buy” rating to a “buy” rating and set a $106.35 price objective for the company. in a report on Monday, February 26th. Finally, Bank of America dropped their price objective on shares of XPO Logistics from $103.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. XPO Logistics has a consensus rating of “Buy” and a consensus target price of $105.15.

XPO Logistics Company Profile

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.

Institutional Ownership by Quarter for XPO Logistics (NYSE:XPO)

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