Thrivent Financial for Lutherans bought a new stake in shares of XPO Logistics Inc (NYSE:XPO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 487,230 shares of the transportation company’s stock, valued at approximately $27,792,000. Thrivent Financial for Lutherans owned about 0.38% of XPO Logistics as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Paradigm Asset Management Co. LLC raised its position in XPO Logistics by 83.3% during 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 period. Ipswich Investment Management Co. Inc. acquired a new position in XPO Logistics in the 4th quarter worth about $36,000. Penserra Capital Management LLC acquired a new position in shares of XPO Logistics during the 4th quarter valued at about $39,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of XPO Logistics by 20.5% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 176 shares during the last quarter. Finally, Cohen & Steers Inc. increased its holdings in shares of XPO Logistics by 51.8% during the 4th quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 460 shares during the last quarter.
Shares of XPO stock traded down $0.12 during mid-day trading on Monday, reaching $63.07. The stock had a trading volume of 1,698,847 shares, compared to its average volume of 3,218,969. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. XPO Logistics Inc has a one year low of $41.05 and a one year high of $116.27. The company has a market capitalization of $6.90 billion, a P/E ratio of 19.77, a P/E/G ratio of 0.94 and a beta of 2.20.
XPO has been the topic of a number of analyst reports. Citigroup lowered their price objective on XPO Logistics from $114.00 to $96.00 and set an “outperform” rating on the stock in a report on Monday, December 17th. ValuEngine raised XPO Logistics from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. Bank of America lowered their price objective on XPO Logistics from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, February 15th. Deutsche Bank reissued a “buy” rating and set a $81.00 price objective on shares of XPO Logistics in a report on Friday, February 15th. Finally, Morgan Stanley restated an “equal weight” rating and set a $71.00 target price (down previously from $116.00) on shares of XPO Logistics in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. XPO Logistics currently has a consensus rating of “Buy” and a consensus price target of $91.20.
XPO Logistics Profile
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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