Dana Investment Advisors Inc. decreased its holdings in XPO Logistics, Inc. (NYSE:XPO) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,707 shares of the transportation company’s stock after selling 3,171 shares during the quarter. Dana Investment Advisors Inc. owned 0.07% of XPO Logistics worth $5,403,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. California Public Employees Retirement System increased its holdings in XPO Logistics by 5.4% in the 3rd quarter. California Public Employees Retirement System now owns 183,338 shares of the transportation company’s stock valued at $12,427,000 after buying an additional 9,338 shares during the period. Janney Montgomery Scott LLC bought a new position in XPO Logistics in the 3rd quarter valued at about $560,000. Janney Capital Management LLC bought a new position in XPO Logistics in the 3rd quarter valued at about $338,000. Point72 Asset Management L.P. increased its holdings in XPO Logistics by 51.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 229,039 shares of the transportation company’s stock valued at $15,524,000 after buying an additional 77,649 shares during the period. Finally, Cedar Hill Associates LLC bought a new position in XPO Logistics in the 3rd quarter valued at about $5,189,000.
XPO has been the topic of several recent analyst reports. Barclays raised their target price on shares of XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Stifel Nicolaus set a $77.00 target price on shares of XPO Logistics and gave the company a “buy” rating in a report on Wednesday, August 23rd. Deutsche Bank reissued a “buy” rating and issued a $110.00 target price on shares of XPO Logistics in a report on Friday, November 3rd. Oppenheimer reissued a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a report on Thursday, October 12th. Finally, Cowen raised their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. XPO Logistics has a consensus rating of “Buy” and an average price target of $77.59.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. equities research analysts predict that XPO Logistics, Inc. will post 1.92 EPS for the current year.
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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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