First Republic Investment Management Inc. Sells 1,276 Shares of XPO Logistics, Inc. (XPO)
First Republic Investment Management Inc. decreased its stake in XPO Logistics, Inc. (NYSE:XPO) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,825 shares of the transportation company’s stock after selling 1,276 shares during the period. First Republic Investment Management Inc.’s holdings in XPO Logistics were worth $1,073,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new stake in XPO Logistics during the 3rd quarter valued at $102,000. Advisors Asset Management Inc. raised its stake 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 acquiring an additional 466 shares in the last quarter. Argent Trust Co bought a new stake in XPO Logistics during the 2nd quarter valued at $205,000. BNP Paribas Arbitrage SA raised its stake 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 acquiring an additional 1,129 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in XPO Logistics during the 2nd quarter valued at $225,000.
XPO Logistics, Inc. (XPO) traded down $1.03 on Friday, hitting $76.13. The stock had a trading volume of 1,476,200 shares, compared to its average volume of 1,498,364. XPO Logistics, Inc. has a 12 month low of $42.07 and a 12 month 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 cap of $9,250.20, a P/E ratio of 44.60, a PEG ratio of 1.11 and a beta of 2.52.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. research analysts expect that XPO Logistics, Inc. will post 1.92 earnings per share for the current fiscal year.
Several analysts have weighed in on XPO shares. Stifel Nicolaus set a $77.00 target price on XPO Logistics and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Cowen reaffirmed a “buy” rating and set a $69.00 target price on shares of XPO Logistics in a research note on Thursday, September 7th. Credit Suisse Group lifted their target price on XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. Barclays lifted their target price on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Finally, J P Morgan Chase & Co boosted their price objective on XPO Logistics from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Three investment 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 company presently has an average rating of “Buy” and an average price target of $77.59.
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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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