Aureus Asset Management LLC bought a new position in shares of XPO Logistics, Inc. (NYSE:XPO) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the transportation company’s stock, valued at approximately $678,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in XPO Logistics by 94.6% during the third quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock valued at $208,090,000 after purchasing an additional 1,492,525 shares in the last quarter. FMR LLC boosted its holdings in XPO Logistics by 73.3% during the second quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock valued at $187,026,000 after purchasing an additional 1,223,543 shares in the last quarter. Vanguard Group Inc. boosted its holdings in XPO Logistics by 8.5% during the second quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock valued at $591,414,000 after purchasing an additional 718,511 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in XPO Logistics by 37.7% during the third quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock valued at $149,485,000 after purchasing an additional 603,866 shares in the last quarter. Finally, Castleark Management LLC acquired a new stake in XPO Logistics during the second quarter valued at approximately $30,551,000.
XPO Logistics, Inc. (NYSE XPO) traded down $1.66 during trading hours on Tuesday, hitting $76.33. 1,789,600 shares of the stock were exchanged, compared to its average volume of 1,507,423. XPO Logistics, Inc. has a 52 week low of $42.07 and a 52 week high of $80.10. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $9,349.70, a PE ratio of 45.08, a P/E/G ratio of 1.12 and a beta of 2.52.
A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Oppenheimer reaffirmed a “buy” rating and set a $75.00 price objective on shares of XPO Logistics in a report on Thursday, October 12th. Credit Suisse Group lifted their target price on shares of XPO Logistics from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. William Blair reiterated an “outperform” rating on shares of XPO Logistics in a research note on Monday, August 7th. Finally, Cowen reiterated a “buy” rating and issued a $69.00 target price on shares of XPO Logistics in a research note on Thursday, September 7th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $77.59.
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.
Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO Logistics, Inc. (NYSE:XPO).
What are top analysts saying about XPO Logistics Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for XPO Logistics Inc. and related companies.