United Capital Financial Advisers LLC Acquires 1,106 Shares of XPO Logistics Inc (NYSE:XPO)
United Capital Financial Advisers LLC raised its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 339,085 shares of the transportation company’s stock after purchasing an additional 1,106 shares during the period. United Capital Financial Advisers LLC owned 0.37% of XPO Logistics worth $19,603,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Meridian Wealth Management LLC purchased a new position in shares of XPO Logistics in the 1st quarter worth $34,000. Steward Partners Investment Advisory LLC bought a new stake in XPO Logistics during the second quarter valued at about $74,000. AdvisorNet Financial Inc raised its holdings in XPO Logistics by 54.9% during the second quarter. AdvisorNet Financial Inc now owns 1,451 shares of the transportation company’s stock valued at $84,000 after acquiring an additional 514 shares during the period. MUFG Americas Holdings Corp bought a new stake in XPO Logistics during the second quarter valued at about $98,000. Finally, Parallel Advisors LLC raised its holdings in XPO Logistics by 30.8% during the second quarter. Parallel Advisors LLC now owns 1,834 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 432 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.
XPO has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on XPO Logistics from $73.00 to $79.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Goldman Sachs Group started coverage on XPO Logistics in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $65.00 price target for the company. Cowen lifted their price target on XPO Logistics from $84.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Raymond James reiterated an “outperform” rating and issued a $78.00 price target (up previously from $68.00) on shares of XPO Logistics in a research report on Monday, August 5th. Finally, ValuEngine upgraded XPO Logistics from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.17.
Shares of XPO Logistics stock traded down $0.21 on Friday, hitting $74.71. 28,119 shares of the company traded hands, compared to its average volume of 927,404. The stock’s 50 day moving average price is $68.70 and its 200-day moving average price is $59.70. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.35. XPO Logistics Inc has a 52 week low of $41.05 and a 52 week high of $116.27. The company has a market cap of $6.90 billion, a PE ratio of 23.40, a PEG ratio of 0.63 and a beta of 2.40.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.24. XPO Logistics had a return on equity of 11.92% and a net margin of 2.16%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts anticipate that XPO Logistics Inc will post 3.82 EPS for the current fiscal year.
XPO Logistics Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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