XPO Logistics Inc (NYSE:XPO) Director Jason D. Papastavrou purchased 1,375 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of $75.42 per share, for a total transaction of $103,702.50. Following the purchase, the director now directly owns 13,875 shares in the company, valued at approximately $1,046,452.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NYSE:XPO opened at $74.92 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.03 and a quick ratio of 1.03. XPO Logistics Inc has a fifty-two week low of $41.05 and a fifty-two week high of $116.27. The stock’s 50-day moving average is $68.70 and its two-hundred day moving average is $59.70. The stock has a market cap of $6.95 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 0.63 and a beta of 2.40.
XPO Logistics (NYSE:XPO) last released its earnings results on Thursday, August 1st. The transportation company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.24. XPO Logistics had a return on equity of 11.92% and a net margin of 2.16%. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities research analysts anticipate that XPO Logistics Inc will post 3.82 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. grew its stake in shares of XPO Logistics by 492.8% in the 1st quarter. Marshall Wace North America L.P. now owns 101,784 shares of the transportation company’s stock valued at $5,470,000 after buying an additional 84,615 shares in the last quarter. Metropolitan Life Insurance Co NY grew its stake in shares of XPO Logistics by 294.4% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 38,003 shares of the transportation company’s stock valued at $2,042,000 after buying an additional 28,368 shares in the last quarter. Neuburgh Advisers LLC grew its stake in shares of XPO Logistics by 108.1% in the 1st quarter. Neuburgh Advisers LLC now owns 16,940 shares of the transportation company’s stock valued at $910,000 after buying an additional 8,800 shares in the last quarter. Riverhead Capital Management LLC grew its stake in shares of XPO Logistics by 10.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 18,162 shares of the transportation company’s stock valued at $1,050,000 after buying an additional 1,700 shares in the last quarter. Finally, Flinton Capital Management LLC grew its stake in shares of XPO Logistics by 2.9% in the 2nd quarter. Flinton Capital Management LLC now owns 26,928 shares of the transportation company’s stock valued at $1,557,000 after buying an additional 748 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on XPO. Cowen lifted their price target on XPO Logistics from $84.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Raymond James reissued an “outperform” rating and issued a $78.00 price target (up previously from $68.00) on shares of XPO Logistics in a research note on Monday, August 5th. SunTrust Banks lifted their price target on XPO Logistics to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Goldman Sachs Group began coverage on XPO Logistics in a research note on Wednesday, July 10th. They issued a “neutral” rating and a $65.00 price target on the stock. Finally, Oppenheimer lifted their price target on XPO Logistics from $73.00 to $79.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. XPO Logistics has an average rating of “Buy” and an average price target of $83.17.
About XPO Logistics
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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