Principal Financial Group Inc. raised its position in XPO Logistics, Inc. (NYSE:XPO – Get Rating) by 16.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,844 shares of the transportation company’s stock after purchasing an additional 54,900 shares during the quarter. Principal Financial Group Inc. owned approximately 0.34% of XPO Logistics worth $18,823,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in XPO. Westpark Management LLC bought a new position in shares of XPO Logistics during the 2nd quarter valued at $140,000. Prospera Financial Services Inc acquired a new position in XPO Logistics in the 1st quarter valued at $32,000. Patriot Financial Group Insurance Agency LLC grew its position in shares of XPO Logistics by 7,500.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 608 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 600 shares during the last quarter. Herold Advisors Inc. acquired a new position in shares of XPO Logistics during the 1st quarter worth about $55,000. Finally, Salem Investment Counselors Inc. bought a new position in XPO Logistics in the 1st quarter worth approximately $60,000. 97.35% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently commented on XPO shares. Barclays cut their target price on shares of XPO Logistics from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, October 13th. Cowen decreased their target price on XPO Logistics from $87.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 19th. StockNews.com upgraded XPO Logistics from a “hold” rating to a “buy” rating in a research note on Thursday, November 10th. Jefferies Financial Group initiated coverage on shares of XPO Logistics in a research note on Monday, October 24th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, UBS Group cut their price target on shares of XPO Logistics from $79.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. One research analyst has rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, XPO Logistics currently has an average rating of “Moderate Buy” and an average price target of $73.82.
XPO Logistics Stock Performance
XPO Logistics (NYSE:XPO – Get Rating) last posted its earnings results on Monday, October 31st. The transportation company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.10. XPO Logistics had a net margin of 6.73% and a return on equity of 43.47%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities research analysts forecast that XPO Logistics, Inc. will post 5.73 EPS for the current year.
XPO Logistics Company Profile
XPO Logistics, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and Brokerage and Other Services. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite regional, inter-regional, and transcontinental LTL freight services.
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