XPO Logistics Inc (XPO) Position Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of XPO Logistics Inc (NYSE:XPO) by 166.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,726 shares of the transportation company’s stock after purchasing an additional 10,459 shares during the quarter. Envestnet Asset Management Inc.’s holdings in XPO Logistics were worth $1,134,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in XPO Logistics during the 3rd quarter valued at about $102,000. Advisors Asset Management Inc. grew its position in XPO Logistics by 18.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after purchasing an additional 466 shares during the last quarter. Argent Trust Co purchased a new stake in XPO Logistics during the 2nd quarter valued at about $205,000. BNP Paribas Arbitrage SA grew its position in XPO Logistics by 49.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock valued at $219,000 after purchasing an additional 1,129 shares during the last quarter. Finally, Commonwealth Equity Services Inc purchased a new stake in XPO Logistics during the 3rd quarter valued at about $230,000.

Shares of XPO Logistics Inc (XPO) opened at $77.74 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $9,312.53, a PE ratio of 44.90, a PEG ratio of 1.12 and a beta of 2.52. XPO Logistics Inc has a 1-year low of $42.07 and a 1-year high of $80.10.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. sell-side analysts forecast that XPO Logistics Inc will post 1.92 earnings per share for the current year.

Several analysts recently commented on the stock. Barclays increased their price objective on shares of XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Oppenheimer reissued a “buy” rating and set a $75.00 price objective on shares of XPO Logistics in a research report on Thursday, October 12th. Credit Suisse Group increased their price objective on shares of XPO Logistics from $76.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Cowen reaffirmed a “buy” rating and set a $69.00 price target on shares of XPO Logistics in a report on Thursday, September 7th. Finally, Stifel Nicolaus set a $77.00 price target on shares of XPO Logistics and gave the company a “buy” rating in a report on Wednesday, August 23rd. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $77.59.

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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.

Institutional Ownership by Quarter for XPO Logistics (NYSE:XPO)

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