M&T Bank Corp lessened its position in shares of XPO Logistics Inc (NYSE:XPO) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,586 shares of the transportation company’s stock after selling 534 shares during the quarter. M&T Bank Corp’s holdings in XPO Logistics were worth $2,911,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new stake in XPO Logistics during the 4th quarter valued at about $172,000. Pillar Pacific Capital Management LLC acquired a new position in shares of XPO Logistics in the 4th quarter valued at about $224,000. Atria Investments LLC acquired a new position in shares of XPO Logistics in the 4th quarter valued at about $230,000. American International Group Inc. acquired a new position in shares of XPO Logistics in the 4th quarter valued at about $246,000. Finally, Noesis Capital Mangement Corp acquired a new position in shares of XPO Logistics in the 4th quarter valued at about $247,000.
XPO has been the subject of several analyst reports. Deutsche Bank set a $133.00 price objective on XPO Logistics and gave the company a “buy” rating in a report on Sunday, February 25th. Barclays reissued an “overweight” rating and issued a $130.00 price objective on shares of XPO Logistics in a report on Tuesday, April 17th. Oppenheimer boosted their price objective on XPO Logistics from $104.00 to $119.00 and gave the company an “outperform” rating in a report on Wednesday, April 18th. Morgan Stanley boosted their price objective on XPO Logistics from $85.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Finally, Credit Suisse Group boosted their price objective on XPO Logistics from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $105.15.
XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, May 2nd. The transportation company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.91 billion. XPO Logistics had a return on equity of 7.95% and a net margin of 2.34%. XPO Logistics’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. equities research analysts expect that XPO Logistics Inc will post 3.49 EPS for the current year.
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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