Ascend Capital Has Increased Xpo Logistics (XPO) Holding; Benchmark Electronics (BHE) Sentiment Is 1.05

March 17, 2018 - By Peter Erickson

Benchmark Electronics, Inc., together with its subsidiaries, provides integrated electronic manufacturing services in the Americas, Asia, and Europe. The company has market cap of $1.57 billion. The firm offers engineering services and solutions, including solution development, concept, and design services; new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services. It currently has negative earnings. It also provides electronics manufacturing and testing services, such as printed circuit board assembly and test solutions, assembly of subsystems, circuitry and functionality testing of printed assemblies, environmental and stress testing, and component reliability testing; component engineering services; manufacturing defect analysis, in-circuit testing, functional testing, flexible test solutions, environmental stress tests of assemblies of boards or systems; and failure analysis.

Ascend Capital Llc increased Xpo Logistics Inc (XPO) stake by 44.79% reported in 2017Q3 SEC filing. Ascend Capital Llc acquired 68,051 shares as Xpo Logistics Inc (XPO)’s stock rose 7.25%. The Ascend Capital Llc holds 219,979 shares with $14.91M value, up from 151,928 last quarter. Xpo Logistics Inc now has $12.55B valuation. The stock increased 0.89% or $0.92 during the last trading session, reaching $104.67. About 2.86 million shares traded or 58.70% up from the average. XPO Logistics, Inc. (NYSE:XPO) has risen 103.27% since March 17, 2017 and is uptrending. It has outperformed by 86.57% the S&P500.

Engaged Capital Llc holds 3.23% of its portfolio in Benchmark Electronics, Inc. for 769,782 shares. Skyline Asset Management Lp owns 599,339 shares or 1.62% of their US portfolio. Moreover, Matarin Capital Management Llc has 1.26% invested in the company for 435,201 shares. The California-based Sensato Investors Llc has invested 1.26% in the stock. Smith Graham & Co. Investment Advisors Lp, a Texas-based fund reported 318,217 shares.

Analysts await Benchmark Electronics, Inc. (NYSE:BHE) to report earnings on April, 18. They expect $0.36 EPS, up 5.88% or $0.02 from last year’s $0.34 per share. BHE’s profit will be $17.55M for 22.33 P/E if the $0.36 EPS becomes a reality. After $0.49 actual EPS reported by Benchmark Electronics, Inc. for the previous quarter, Wall Street now forecasts -26.53% negative EPS growth.

The stock increased 1.58% or $0.5 during the last trading session, reaching $32.15. About 662,398 shares traded or 67.40% up from the average. Benchmark Electronics, Inc. (BHE) has risen 60.40% since March 17, 2017 and is uptrending. It has outperformed by 43.70% the S&P500.

Investors sentiment decreased to 1.42 in 2017 Q3. Its down 0.41, from 1.83 in 2017Q2. It dropped, as 28 investors sold XPO shares while 76 reduced holdings. 76 funds opened positions while 114 raised stakes. 96.74 million shares or 19.39% more from 81.03 million shares in 2017Q2 were reported. Kingdon Capital Ltd Limited Liability Company holds 2.63% or 595,465 shares. Millrace Asset Group Inc holds 1.53% or 24,000 shares. 61,434 are held by Sei Invs. Cedar Hill Assoc Limited Liability stated it has 0.9% in XPO Logistics, Inc. (NYSE:XPO). 2,126 are owned by Thompson Davis Com. Tudor Corporation Et Al accumulated 12,183 shares or 0.02% of the stock. Moreover, Principal Fincl Gp has 0% invested in XPO Logistics, Inc. (NYSE:XPO). Cap Fund Mgmt has 13,116 shares for 0.01% of their portfolio. Vanguard Group has invested 0.03% in XPO Logistics, Inc. (NYSE:XPO). 141,721 were reported by State Board Of Administration Of Florida Retirement System. Boston Advsrs Limited Company accumulated 0.01% or 3,285 shares. Axiom Invsts Lc De reported 0.27% of its portfolio in XPO Logistics, Inc. (NYSE:XPO). The Wisconsin-based Convergence Partners Lc has invested 0.35% in XPO Logistics, Inc. (NYSE:XPO). Millennium Management Ltd Liability reported 1.19 million shares or 0.12% of all its holdings. Moreover, Geode Ltd Co has 0.02% invested in XPO Logistics, Inc. (NYSE:XPO) for 775,412 shares.

Ascend Capital Llc decreased E Trade Financial Corp (NASDAQ:ETFC) stake by 13,999 shares to 66,001 valued at $2.88 million in 2017Q3. It also reduced Ishares Inc (EZU) stake by 220,938 shares and now owns 318,870 shares. Virtus Invt Partners Inc (NASDAQ:VRTS) was reduced too.

Among 21 analysts covering XPO Logistics (NYSE:XPO), 19 have Buy rating, 0 Sell and 2 Hold. Therefore 90% are positive. XPO Logistics had 74 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Friday, November 3 with “Buy”. The firm has “Outperform” rating given on Friday, September 29 by Credit Suisse. The rating was initiated by Deutsche Bank on Wednesday, November 2 with “Buy”. As per Friday, August 7, the company rating was maintained by FBR Capital. Stifel Nicolaus maintained XPO Logistics, Inc. (NYSE:XPO) on Tuesday, January 2 with “Buy” rating. Citigroup reinitiated XPO Logistics, Inc. (NYSE:XPO) on Wednesday, November 4 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 20. Cowen & Co maintained it with “Outperform” rating and $38 target in Friday, August 5 report. Cowen & Co maintained the shares of XPO in report on Thursday, September 7 with “Buy” rating. Oppenheimer maintained the shares of XPO in report on Monday, July 17 with “Buy” rating.

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