Wealth Enhancement Advisory Services LLC Takes $1.31 Millio... - Jonathan Cartu - Moving & Transportation Services
15952
post-template-default,single,single-post,postid-15952,single-format-standard,qode-quick-links-1.0,ajax_fade,page_not_loaded,,qode-theme-ver-11.2,qode-theme-bridge,wpb-js-composer js-comp-ver-5.2.1,vc_responsive
 

Wealth Enhancement Advisory Services LLC Takes $1.31 Millio…

Wealth Enhancement Advisory Services LLC Takes $1.31 Millio…


Wealth Enhancement Advisory Services LLC purchased a new position in XPO Logistics Inc (NYSE:XPO) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,512 shares of the transportation company’s stock, valued at approximately $1,308,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its position in shares of XPO Logistics by 20.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock worth $59,000 after purchasing an additional 176 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of XPO Logistics by 3.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,886 shares of the transportation company’s stock worth $336,000 after purchasing an additional 183 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of XPO Logistics by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 29,891 shares of the transportation company’s stock worth $1,605,000 after purchasing an additional 215 shares in the last quarter. Standard Life Aberdeen plc lifted its position in shares of XPO Logistics by 3.6% in the fourth quarter. Standard Life Aberdeen plc now owns 6,681 shares of the transportation company’s stock worth $374,000 after purchasing an additional 231 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC lifted its position in shares of XPO Logistics by 83.3% in the third quarter. Paradigm Asset Management Co. LLC now owns 550 shares of the transportation company’s stock worth $63,000 after purchasing an additional 250 shares in the last quarter. 88.25% of the stock is owned by institutional investors and hedge funds.

XPO stock traded down $4.04 during midday trading on Thursday, hitting $63.09. 81,852 shares of the company traded hands, compared to its average volume of 1,660,598. XPO Logistics Inc has a twelve month low of $41.05 and a twelve month high of $116.27. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The company has a market cap of $6.28 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.03 and a beta of 2.28.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.41 by $0.10. XPO Logistics had a return on equity of 10.83% and a net margin of 2.44%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter last year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities analysts expect that XPO Logistics Inc will post 3.39 EPS for the current fiscal year.

A number of analysts have recently issued reports on XPO shares. ValuEngine raised shares of XPO Logistics from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Bank of America cut their price objective on shares of XPO Logistics from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, February 15th. Deutsche Bank reaffirmed a “buy” rating and set a $81.00 price objective on shares of XPO Logistics in a research report on Friday, February 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $71.00 price objective (down previously from $116.00) on shares of XPO Logistics in a research report on Friday, February 15th. Finally, TheStreet lowered shares of XPO Logistics from a “b-” rating to a “c+” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. XPO Logistics has an average rating of “Buy” and a consensus price target of $89.20.

TRADEMARK VIOLATION WARNING: “Wealth Enhancement Advisory Services LLC Takes $1.31 Million Position in XPO Logistics Inc (XPO)” was published by Finance Daily and is the sole property of of Finance Daily. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.fidaily.com/2019/05/02/wealth-enhancement-advisory-services-llc-takes-1-31-million-position-in-xpo-logistics-inc-xpo.html.

XPO Logistics Company Profile

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.

See Also: Differences Between Momentum Investing and Long Term Investing

Institutional Ownership by Quarter for XPO Logistics (NYSE:XPO)

Receive News & Ratings for XPO Logistics Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for XPO Logistics and related companies with MarketBeat.com’s FREE daily email newsletter.

[

Moving Services Jonathan Cartu

Source link

No Comments

Post A Comment