Fishman Jay A Ltd. MI lowered its stake in shares of XPO Logistics Inc (NYSE:XPO) by 0.6% in the third quarter, HoldingsChannel reports. The firm owned 270,148 shares of the transportation company’s stock after selling 1,750 shares during the quarter. XPO Logistics makes up approximately 3.6% of Fishman Jay A Ltd. MI’s holdings, making the stock its 9th largest holding. Fishman Jay A Ltd. MI’s holdings in XPO Logistics were worth $19,334,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in XPO Logistics by 397.8% during the 3rd quarter. SG Americas Securities LLC now owns 16,492 shares of the transportation company’s stock valued at $1,180,000 after purchasing an additional 13,179 shares during the period. First Trust Advisors LP boosted its position in XPO Logistics by 68.0% during the 3rd quarter. First Trust Advisors LP now owns 112,790 shares of the transportation company’s stock valued at $8,072,000 after purchasing an additional 45,644 shares during the period. Parallel Advisors LLC boosted its position in XPO Logistics by 7.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,972 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 138 shares during the period. Creative Planning acquired a new position in XPO Logistics during the 3rd quarter valued at approximately $204,000. Finally, IFM Investors Pty Ltd boosted its position in XPO Logistics by 38.8% during the 3rd quarter. IFM Investors Pty Ltd now owns 9,704 shares of the transportation company’s stock valued at $695,000 after purchasing an additional 2,712 shares during the period.
In other news, Director Jason D. Papastavrou acquired 1,375 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average price of $75.42 per share, with a total value of $103,702.50. Following the purchase, the director now owns 13,875 shares of the company’s stock, valued at $1,046,452.50. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 18.70% of the stock is currently owned by insiders.
Shares of XPO traded down $0.05 during midday trading on Friday, reaching $84.64. The stock had a trading volume of 569,713 shares, compared to its average volume of 1,865,079. XPO Logistics Inc has a 52 week low of $41.05 and a 52 week high of $86.47. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50 day moving average price is $75.18 and its 200-day moving average price is $65.71. The company has a market capitalization of $7.82 billion, a P/E ratio of 26.53, a P/E/G ratio of 0.69 and a beta of 2.48.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Monday, October 28th. The transportation company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.15. XPO Logistics had a return on equity of 13.87% and a net margin of 2.31%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the business earned $0.89 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that XPO Logistics Inc will post 3.99 earnings per share for the current year.
A number of research analysts recently issued reports on the company. Morgan Stanley restated a “hold” rating and set a $84.00 price objective on shares of XPO Logistics in a research report on Thursday. Zacks Investment Research reiterated a “hold” rating on shares of XPO Logistics in a research report on Saturday, October 12th. Bank of America lowered XPO Logistics from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $76.00 to $87.00 in a research report on Wednesday, October 30th. Cowen boosted 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. Finally, Jefferies Financial Group boosted their price target on XPO Logistics from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $83.53.
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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