Macquarie Group Ltd. boosted its position in shares of XPO Logistics Inc. (NYSE:XPO) by 27.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 611,184 shares of the company’s stock after buying an additional 133,140 shares during the period. Macquarie Group Ltd.’s holdings in XPO Logistics were worth $16,050,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of XPO. BNP Paribas Arbitrage SA purchased a new position in shares of XPO Logistics during the second quarter worth approximately $102,000. Fifth Third Bancorp increased its stake in XPO Logistics by 110.3% in the second quarter. Fifth Third Bancorp now owns 3,996 shares of the company’s stock valued at $105,000 after buying an additional 2,096 shares during the period. DekaBank Deutsche Girozentrale increased its stake in XPO Logistics by 7.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,300 shares of the company’s stock valued at $109,000 after buying an additional 300 shares during the period. PNC Financial Services Group Inc. increased its stake in XPO Logistics by 5.8% in the second quarter. PNC Financial Services Group Inc. now owns 6,613 shares of the company’s stock valued at $175,000 after buying an additional 363 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in XPO Logistics during the second quarter valued at about $180,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.
Shares of XPO Logistics Inc. (NYSE:XPO) traded down 2.16% during mid-day trading on Monday, reaching $44.30. The company had a trading volume of 778,197 shares. The firm’s 50-day moving average is $37.15 and its 200 day moving average is $32.52. The company’s market capitalization is $4.91 billion. XPO Logistics Inc. has a 12 month low of $18.04 and a 12 month high of $45.83.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The company earned $3.70 billion during the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a negative net margin of 0.17% and a positive return on equity of 2.28%. The firm’s revenue was up 57.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.15) EPS. On average, equities research analysts predict that XPO Logistics Inc. will post $0.96 earnings per share for the current year.
Several analysts have recently issued reports on XPO shares. Zacks Investment Research downgraded XPO Logistics from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Citigroup Inc. set a $38.00 price target on XPO Logistics and gave the stock a “buy” rating in a research note on Friday, October 28th. Oppenheimer Holdings Inc. upped their price target on XPO Logistics from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. JPMorgan Chase & Co. upped their price target on XPO Logistics from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Finally, Deutsche Bank AG started coverage on XPO Logistics in a research note on Wednesday, November 2nd. They set a “buy” rating and a $60.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.60.
XPO Logistics Company Profile
XPO Logistics, Inc is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods.