Douglas Lane & Associates LLC Sells 19,439 Shares of XPO Logistics Inc (XPO)
Douglas Lane & Associates LLC decreased its position in shares of XPO Logistics Inc (NYSE:XPO) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,242,613 shares of the transportation company’s stock after selling 19,439 shares during the period. XPO Logistics comprises about 1.5% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 21st largest position. Douglas Lane & Associates LLC owned approximately 1.11% of XPO Logistics worth $59,509,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rice Hall James & Associates LLC bought a new position in shares of XPO Logistics during the first quarter worth about $1,581,000. Winslow Evans & Crocker Inc. bought a new position in shares of XPO Logistics during the first quarter worth about $232,000. Bank of Montreal Can boosted its position in shares of XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of XPO Logistics by 7.6% in the fourth quarter. Macquarie Group Ltd. now owns 689,597 shares of the transportation company’s stock worth $29,763,000 after buying an additional 48,693 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new position in shares of XPO Logistics during the fourth quarter worth about $626,000. Institutional investors and hedge funds own 91.41% of the company’s stock.
XPO Logistics Inc (NYSE:XPO) traded up 0.17% during mid-day trading on Friday, reaching $48.41. The company had a trading volume of 1,414,668 shares. XPO Logistics Inc has a 52 week low of $22.23 and a 52 week high of $54.70. The firm has a market capitalization of $5.40 billion, a PE ratio of 92.21 and a beta of 2.11. The stock’s 50-day moving average price is $48.21 and its 200 day moving average price is $44.02.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Tuesday, February 21st. The transportation company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. XPO Logistics had a positive return on equity of 2.28% and a negative net margin of 0.17%. The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the previous year, the firm posted ($0.21) EPS. XPO Logistics’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that XPO Logistics Inc will post $1.79 EPS for the current year.
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A number of brokerages have issued reports on XPO. Vertical Research began coverage on XPO Logistics in a research note on Thursday, April 13th. They set a “buy” rating and a $60.00 price objective for the company. Credit Suisse Group AG reiterated an “outperform” rating and set a $63.00 price objective on shares of XPO Logistics in a research note on Monday, March 6th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $58.00 price objective (up previously from $56.00) on shares of XPO Logistics in a research note on Friday, March 3rd. Zacks Investment Research cut XPO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, March 4th. Finally, Barclays PLC restated a “buy” rating and issued a $65.00 price target on shares of XPO Logistics in a research note on Wednesday, March 1st. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. XPO Logistics has an average rating of “Buy” and a consensus price target of $56.31.
XPO Logistics Company Profile
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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