Kiwi Wealth Investments Limited Partnership Increases Holdings in XPO Logistics Inc (XPO)

Kiwi Wealth Investments Limited Partnership grew its position in XPO Logistics Inc (NYSE:XPO) by 10.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,118 shares of the transportation company’s stock after acquiring an additional 8,961 shares during the quarter. Kiwi Wealth Investments Limited Partnership owned 0.08% of XPO Logistics worth $9,582,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. State of Wisconsin Investment Board lifted its position in shares of XPO Logistics by 2.5% in the 4th quarter. State of Wisconsin Investment Board now owns 24,335 shares of the transportation company’s stock worth $2,229,000 after acquiring an additional 598 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of XPO Logistics by 17.3% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,470 shares of the transportation company’s stock worth $455,000 after acquiring an additional 658 shares during the period. CIBC Asset Management Inc lifted its position in shares of XPO Logistics by 17.8% during the 1st quarter. CIBC Asset Management Inc now owns 4,366 shares of the transportation company’s stock worth $445,000 after buying an additional 660 shares during the period. BTC Capital Management Inc. lifted its position in shares of XPO Logistics by 1.4% during the 1st quarter. BTC Capital Management Inc. now owns 50,087 shares of the transportation company’s stock worth $5,098,000 after buying an additional 707 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of XPO Logistics by 12.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,998 shares of the transportation company’s stock worth $712,000 after buying an additional 766 shares during the period.

Shares of XPO Logistics opened at $112.23 on Thursday, according to Marketbeat Ratings. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.13. XPO Logistics Inc has a 52-week low of $54.34 and a 52-week high of $115.49. The firm has a market capitalization of $13.45 billion, a price-to-earnings ratio of 57.06, a price-to-earnings-growth ratio of 1.05 and a beta of 2.46.

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

Several equities analysts recently commented on XPO shares. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Thursday, February 15th. Vetr downgraded XPO Logistics from a “strong-buy” rating to a “buy” rating and set a $106.35 target price for the company. in a research report on Monday, February 26th. Deutsche Bank set a $133.00 target price on XPO Logistics and gave the stock a “buy” rating in a research report on Sunday, February 25th. ValuEngine upgraded XPO Logistics from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Barclays restated an “overweight” rating and set a $130.00 target price on shares of XPO Logistics in a research report on Tuesday, April 17th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $105.60.

XPO Logistics 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)

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