American International Group Inc. increased its position in shares of XPO Logistics, Inc. (NYSE:XPO) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,300 shares of the transportation company’s stock after buying an additional 2,967 shares during the period. American International Group Inc. owned approximately 0.05% of XPO Logistics worth $2,840,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of XPO. Envestnet Asset Management Inc. raised its stake in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the period. Advisors Asset Management Inc. raised its stake in XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after buying an additional 981 shares during the period. Bank of Montreal Can raised its stake in XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in XPO Logistics by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock worth $165,000 after buying an additional 286 shares during the period. Finally, FTB Advisors Inc. bought a new stake in XPO Logistics during the first quarter worth about $196,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

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

XPO Logistics, Inc. (XPO) opened at 61.52 on Friday. XPO Logistics, Inc. has a 12-month low of $22.23 and a 12-month high of $61.84. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 72.55 and a beta of 2.25. The company’s 50 day moving average price is $54.98 and its 200-day moving average price is $48.96.

XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.55 billion. XPO Logistics had a net margin of 0.76% and a return on equity of 5.63%. On average, analysts forecast that XPO Logistics, Inc. will post $1.97 EPS for the current year.

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A number of research firms have recently issued reports on XPO. Deutsche Bank AG set a $60.00 price target on XPO Logistics and gave the company a “buy” rating in a research report on Wednesday, February 22nd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $63.00 price objective (up from $58.00) on shares of XPO Logistics in a research report on Friday, May 12th. Credit Suisse Group increased their price objective on XPO Logistics from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Stifel Nicolaus increased their price objective on XPO Logistics from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Finally, CIBC increased their price objective on XPO Logistics from $58.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $61.14.

About XPO Logistics

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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