Korea Investment CORP grew its holdings in XPO Logistics Inc (NYSE:XPO) by 13.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 299,500 shares of the transportation company’s stock after purchasing an additional 36,000 shares during the period. Korea Investment CORP’s holdings in XPO Logistics were worth $30,004,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its stake in XPO Logistics by 14.9% in the second quarter. BlackRock Inc. now owns 5,831,257 shares of the transportation company’s stock worth $584,174,000 after purchasing an additional 758,293 shares during the period. Wells Fargo & Company MN increased its stake in XPO Logistics by 15.6% in the second quarter. Wells Fargo & Company MN now owns 2,159,224 shares of the transportation company’s stock worth $216,311,000 after purchasing an additional 292,026 shares during the period. Victory Capital Management Inc. increased its stake in XPO Logistics by 4.8% in the second quarter. Victory Capital Management Inc. now owns 1,856,812 shares of the transportation company’s stock worth $186,015,000 after purchasing an additional 85,662 shares during the period. OppenheimerFunds Inc. increased its stake in XPO Logistics by 2.1% in the first quarter. OppenheimerFunds Inc. now owns 1,829,945 shares of the transportation company’s stock worth $186,308,000 after purchasing an additional 37,722 shares during the period. Finally, Mar Vista Investment Partners LLC increased its stake in XPO Logistics by 20.7% in the first quarter. Mar Vista Investment Partners LLC now owns 1,328,544 shares of the transportation company’s stock worth $135,259,000 after purchasing an additional 227,924 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.
XPO opened at $106.49 on Thursday. XPO Logistics Inc has a 1 year low of $59.30 and a 1 year high of $115.49. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 0.80 and a beta of 2.27.
XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, August 1st. The transportation company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.01. XPO Logistics had a return on equity of 9.12% and a net margin of 2.84%. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. sell-side analysts predict that XPO Logistics Inc will post 3.48 EPS for the current fiscal year.
A number of research firms have weighed in on XPO. KeyCorp reduced their target price on XPO Logistics from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, August 3rd. ValuEngine lowered XPO Logistics from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 29th. Stifel Nicolaus began coverage on XPO Logistics in a research note on Tuesday, June 19th. They set a “hold” rating and a $118.00 price target on the stock. Deutsche Bank restated a “buy” rating and set a $142.00 price target (up previously from $133.00) on shares of XPO Logistics in a research note on Thursday, August 2nd. Finally, Bank of America cut their price target on XPO Logistics from $117.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. XPO Logistics presently has an average rating of “Buy” and an average price target of $109.67.
XPO Logistics Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.
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