Oak Point Wealth Management Purchases New Position in XPO Logistics Inc (XPO)

Oak Point Wealth Management purchased a new position in shares of XPO Logistics Inc (NYSE:XPO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,400 shares of the transportation company’s stock, valued at approximately $220,000.

Other institutional investors have also modified their holdings of the company. Suffolk Capital Management LLC purchased a new position in shares of XPO Logistics during the 3rd quarter valued at $15,747,000. Point72 Asset Management L.P. lifted its stake in shares of XPO Logistics by 51.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 229,039 shares of the transportation company’s stock valued at $15,524,000 after buying an additional 77,649 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of XPO Logistics by 7.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 366,878 shares of the transportation company’s stock valued at $24,867,000 after buying an additional 26,095 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in shares of XPO Logistics by 120.3% during the 3rd quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock valued at $1,683,000 after buying an additional 13,560 shares in the last quarter. Finally, AXA lifted its stake in shares of XPO Logistics by 47.1% during the 3rd quarter. AXA now owns 200,800 shares of the transportation company’s stock valued at $13,610,000 after buying an additional 64,300 shares in the last quarter.

Shares of XPO Logistics Inc (NYSE:XPO) opened at $92.61 on Wednesday. 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 stock has a market cap of $11,100.00, a price-to-earnings ratio of 77.18, a price-to-earnings-growth ratio of 0.84 and a beta of 2.51. XPO Logistics Inc has a fifty-two week low of $42.07 and a fifty-two week high of $93.98.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, beating 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%. XPO Logistics’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. equities research analysts predict that XPO Logistics Inc will post 1.92 earnings per share for the current year.

A number of research analysts recently weighed in on XPO shares. Deutsche Bank restated a “buy” rating on shares of XPO Logistics in a research note on Thursday, December 28th. Barclays lifted their target price on shares of XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Bank of America set a $103.00 target price on shares of XPO Logistics and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Oppenheimer restated a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a research note on Thursday, October 12th. Finally, Cowen lifted their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $86.06.

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About XPO Logistics

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.

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

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