North Peak Capital Management LLC Acquires Shares of 308,254 XPO Logistics Inc (NYSE:XPO)
North Peak Capital Management LLC acquired a new stake in XPO Logistics Inc (NYSE:XPO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 308,254 shares of the transportation company’s stock, valued at approximately $17,820,000. XPO Logistics comprises about 10.0% of North Peak Capital Management LLC’s holdings, making the stock its 7th largest position. North Peak Capital Management LLC owned 0.33% of XPO Logistics at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meridian Wealth Management LLC acquired a new position in shares of XPO Logistics in the first quarter valued at approximately $34,000. Steward Partners Investment Advisory LLC bought a new stake in XPO Logistics in the 2nd quarter valued at $74,000. Parallel Advisors LLC boosted its stake in XPO Logistics by 2,161.3% in the 1st quarter. Parallel Advisors LLC now owns 1,402 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 1,340 shares during the period. AdvisorNet Financial Inc grew its holdings in XPO Logistics by 54.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,451 shares of the transportation company’s stock valued at $84,000 after buying an additional 514 shares in the last quarter. Finally, MUFG Americas Holdings Corp acquired a new position in XPO Logistics in the 2nd quarter valued at $98,000. 88.29% of the stock is owned by institutional investors.
XPO has been the subject of a number of research reports. SunTrust Banks lifted their target price on XPO Logistics to $80.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. TheStreet raised shares of XPO Logistics from a “c+” rating to a “b” rating in a research report on Friday, August 2nd. Cowen lifted their price objective on shares of XPO Logistics from $84.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Goldman Sachs Group initiated coverage on shares of XPO Logistics in a research note on Wednesday, July 10th. They issued a “neutral” rating and a $65.00 price objective for the company. Finally, Oppenheimer boosted their price objective on shares of XPO Logistics from $73.00 to $79.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $83.17.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.24. XPO Logistics had a net margin of 2.16% and a return on equity of 11.92%. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the firm posted $0.98 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts expect that XPO Logistics Inc will post 3.84 EPS for the current fiscal year.
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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