Phoenix Investment Adviser LLC Takes Position in XPO Logistics Inc (NYSE:XPO)

Phoenix Investment Adviser LLC acquired a new stake in XPO Logistics Inc (NYSE:XPO) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,000 shares of the transportation company’s stock, valued at approximately $611,000. XPO Logistics comprises about 1.1% of Phoenix Investment Adviser LLC’s investment portfolio, making the stock its 16th largest holding.

Other large investors have also recently made changes to their positions in the company. Advisors Capital Management LLC increased its holdings in shares of XPO Logistics by 1.4% in the 4th quarter. Advisors Capital Management LLC now owns 43,090 shares of the transportation company’s stock valued at $3,947,000 after purchasing an additional 587 shares in the last quarter. State of Wisconsin Investment Board increased its holdings in XPO Logistics by 2.5% during the 4th quarter. State of Wisconsin Investment Board now owns 24,335 shares of the transportation company’s stock valued at $2,229,000 after acquiring an additional 598 shares in the last quarter. CIBC Asset Management Inc increased its holdings in XPO Logistics by 17.8% during the 1st quarter. CIBC Asset Management Inc now owns 4,366 shares of the transportation company’s stock valued at $445,000 after acquiring an additional 660 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in XPO Logistics by 12.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,998 shares of the transportation company’s stock valued at $712,000 after acquiring an additional 766 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in XPO Logistics by 3.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 24,359 shares of the transportation company’s stock valued at $2,231,000 after acquiring an additional 818 shares in the last quarter.

XPO has been the subject of several recent research reports. ValuEngine upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Vetr cut shares of XPO Logistics from a “strong-buy” rating to a “buy” rating and set a $106.35 target price on the stock. in a research report on Monday, February 26th. Deutsche Bank set a $133.00 price target on shares of XPO Logistics and gave the stock a “buy” rating in a research note on Sunday, February 25th. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Thursday, February 15th. Finally, Bank of America lowered their target price on shares of XPO Logistics from $103.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $105.15.



XPO Logistics traded down $0.78, hitting $109.53, on Tuesday, according to Marketbeat.com. 36,257 shares of the company were exchanged, compared to its average volume of 1,856,683. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13. The company has a market cap of $13.08 billion, a PE ratio of 56.16, a PEG ratio of 1.02 and a beta of 2.45. XPO Logistics Inc has a twelve month low of $51.86 and a twelve month high of $111.09.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, May 2nd. The transportation company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.10. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.91 billion. XPO Logistics had a return on equity of 7.95% and a net margin of 2.34%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. research analysts forecast that XPO Logistics Inc will post 3.49 EPS for the current fiscal year.

XPO Logistics Company Profile

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.

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

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply