NEXT Financial Group Inc Invests $129,000 in XPO Logistics Inc (XPO) Stock

Share on StockTwits

NEXT Financial Group Inc purchased a new stake in XPO Logistics Inc (NYSE:XPO) during the 3rd quarter, Holdings Channel reports. The fund purchased 1,132 shares of the transportation company’s stock, valued at approximately $129,000.

A number of other hedge funds also recently made changes to their positions in the stock. EFG Asset Management Americas Corp. boosted its stake in XPO Logistics by 54.1% in the 3rd quarter. EFG Asset Management Americas Corp. now owns 46,779 shares of the transportation company’s stock valued at $5,341,000 after buying an additional 16,414 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in XPO Logistics by 4.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 27,083 shares of the transportation company’s stock valued at $3,091,000 after buying an additional 1,073 shares in the last quarter. Cerebellum GP LLC acquired a new stake in XPO Logistics in the 3rd quarter valued at $190,000. Investment House LLC boosted its stake in XPO Logistics by 2.7% in the 3rd quarter. Investment House LLC now owns 65,934 shares of the transportation company’s stock valued at $7,528,000 after buying an additional 1,740 shares in the last quarter. Finally, United Services Automobile Association boosted its stake in XPO Logistics by 34.3% in the 2nd quarter. United Services Automobile Association now owns 21,321 shares of the transportation company’s stock valued at $2,136,000 after buying an additional 5,449 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the company. KeyCorp cut their price objective on XPO Logistics from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, August 3rd. ValuEngine downgraded XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 29th. Deutsche Bank reiterated a “buy” rating and issued a $142.00 price objective (up previously from $133.00) on shares of XPO Logistics in a research report on Thursday, August 2nd. Jefferies Financial Group assumed coverage on XPO Logistics in a research report on Wednesday, October 3rd. They issued a “buy” rating and a $145.00 price objective for the company. Finally, R. F. Lafferty assumed coverage on XPO Logistics in a research report on Tuesday, July 10th. They issued a “buy” rating and a $125.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $113.30.

XPO stock opened at $99.70 on Friday. The firm has a market cap of $14.48 billion, a PE ratio of 52.10, a PEG ratio of 0.85 and a beta of 2.32. XPO Logistics Inc has a twelve month low of $63.28 and a twelve month high of $116.27. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.07.

XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, August 1st. The transportation company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.01. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.29 billion. XPO Logistics had a return on equity of 9.12% and a net margin of 2.84%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, equities research analysts predict that XPO Logistics Inc will post 3.49 earnings per share for the current fiscal year.

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.

Featured Story: Is the Dow Jones Industrial Average (DJIA) still relevant?

Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO Logistics Inc (NYSE:XPO).

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

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply