National Pension Service raised its stake in XPO Logistics Inc (NYSE:XPO) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,155 shares of the transportation company’s stock after purchasing an additional 8,772 shares during the period. National Pension Service owned 0.12% of XPO Logistics worth $9,299,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in XPO. Spruce House Investment Management LLC lifted its holdings in XPO Logistics by 64.5% in the fourth quarter. Spruce House Investment Management LLC now owns 12,750,000 shares of the transportation company’s stock valued at $727,260,000 after acquiring an additional 5,000,000 shares during the period. Vanguard Group Inc increased its position in shares of XPO Logistics by 7.0% in the third quarter. Vanguard Group Inc now owns 10,997,991 shares of the transportation company’s stock valued at $1,255,640,000 after buying an additional 721,707 shares in the last quarter. BlackRock Inc. increased its position in shares of XPO Logistics by 9.8% in the third quarter. BlackRock Inc. now owns 6,401,584 shares of the transportation company’s stock valued at $730,869,000 after buying an additional 570,327 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of XPO Logistics by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,280,309 shares of the transportation company’s stock valued at $130,062,000 after buying an additional 55,852 shares in the last quarter. Finally, Senator Investment Group LP increased its position in shares of XPO Logistics by 54.8% in the third quarter. Senator Investment Group LP now owns 1,650,000 shares of the transportation company’s stock valued at $188,380,000 after buying an additional 584,028 shares in the last quarter.
A number of research analysts have recently weighed in on XPO shares. Cowen restated an “outperform” rating and issued a $79.00 price target (down previously from $101.00) on shares of XPO Logistics in a research report on Tuesday, February 19th. TheStreet cut XPO Logistics from a “b-” rating to a “c+” rating in a research report on Tuesday, March 5th. Morgan Stanley cut XPO Logistics from an “overweight” rating to an “equal weight” rating and set a $116.00 price target for the company. in a research report on Tuesday, February 19th. Loop Capital assumed coverage on XPO Logistics in a research report on Wednesday, February 6th. They set a “buy” rating and a $75.00 price objective for the company. Finally, Deutsche Bank set a $108.00 price objective on XPO Logistics and gave the stock a “buy” rating in a research report on Tuesday, January 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.20.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 14th. The transportation company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.11). The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.56 billion. XPO Logistics had a net margin of 2.44% and a return on equity of 10.83%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS. Equities research analysts anticipate that XPO Logistics Inc will post 3.39 earnings per share for the current year.
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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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