American International Group Inc. bought a new stake in XPO Logistics Inc (NYSE:XPO) during the fourth quarter, HoldingsChannel.com reports. The fund bought 2,686 shares of the transportation company’s stock, valued at approximately $246,000.
A number of other institutional investors have also recently modified their holdings of XPO. Fuller & Thaler Asset Management Inc. acquired a new position in XPO Logistics in the third quarter valued at $102,000. Benjamin F. Edwards & Company Inc. acquired a new position in XPO Logistics in the fourth quarter valued at $172,000. Oak Point Wealth Management acquired a new position in XPO Logistics in the fourth quarter valued at $220,000. Pillar Pacific Capital Management LLC acquired a new position in XPO Logistics in the fourth quarter valued at $224,000. Finally, Commonwealth Equity Services Inc acquired a new position in XPO Logistics in the third quarter valued at $230,000.
XPO Logistics Inc (XPO) opened at $104.49 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. XPO Logistics Inc has a one year low of $44.51 and a one year high of $106.20. The company has a market capitalization of $12,530.00, a PE ratio of 94.99, a P/E/G ratio of 1.04 and a beta of 2.41.
A number of research analysts recently weighed in on XPO shares. Citigroup reduced their target price on XPO Logistics from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, December 26th. Deutsche Bank restated a “buy” rating on shares of XPO Logistics in a research note on Friday, December 22nd. Oppenheimer restated a “buy” rating and set a $104.00 price objective on shares of XPO Logistics in a research note on Tuesday, January 9th. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Saturday, January 6th. Finally, Bank of America set a $103.00 price objective on XPO Logistics and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $96.60.
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XPO Logistics Profile
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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