Gables Capital Management Inc. lessened its stake in shares of XPO Logistics Inc (NYSE:XPO) by 16.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,100 shares of the transportation company’s stock after selling 1,350 shares during the quarter. Gables Capital Management Inc.’s holdings in XPO Logistics were worth $384,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of XPO. Ipswich Investment Management Co. Inc. purchased a new stake in shares of XPO Logistics during the fourth quarter worth about $36,000. Penserra Capital Management LLC purchased a new stake in shares of XPO Logistics during the fourth quarter worth about $39,000. Bronfman E.L. Rothschild L.P. increased its holdings in XPO Logistics by 20.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock valued at $59,000 after buying an additional 176 shares during the last quarter. Paradigm Asset Management Co. LLC increased its holdings in XPO Logistics by 83.3% in the third quarter. Paradigm Asset Management Co. LLC now owns 550 shares of the transportation company’s stock valued at $63,000 after buying an additional 250 shares during the last quarter. Finally, Cohen & Steers Inc. increased its holdings in XPO Logistics by 51.8% in the fourth quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock valued at $77,000 after buying an additional 460 shares during the last quarter. Institutional investors own 88.25% of the company’s stock.
XPO stock traded down $1.76 during midday trading on Friday, reaching $52.79. The company had a trading volume of 2,072,300 shares, compared to its average volume of 2,824,051. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.92. The company has a market cap of $5.02 billion, a P/E ratio of 16.55, a PEG ratio of 0.56 and a beta of 2.29. XPO Logistics Inc has a fifty-two week low of $41.05 and a fifty-two week high of $116.27.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.25 billion. XPO Logistics had a return on equity of 11.26% and a net margin of 2.30%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. Analysts expect that XPO Logistics Inc will post 3.52 EPS for the current fiscal year.
XPO has been the subject of several research analyst reports. Loop Capital initiated coverage on XPO Logistics in a report on Wednesday, February 6th. They issued a “buy” rating and a $75.00 price objective for the company. Bank of America lowered their price objective on XPO Logistics from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, February 15th. ValuEngine lowered XPO Logistics from a “sell” rating to a “strong sell” rating in a report on Friday, February 15th. Morgan Stanley reissued an “equal weight” rating and issued a $71.00 price objective (down from $116.00) on shares of XPO Logistics in a report on Friday, February 15th. Finally, Deutsche Bank reissued a “buy” rating and issued a $81.00 price objective on shares of XPO Logistics in a report on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $90.00.
About XPO Logistics
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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