Convergence Investment Partners LLC bought a new stake in shares of XPO Logistics, Inc. (NYSE:XPO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,303 shares of the transportation company’s stock, valued at approximately $407,000.

Other hedge funds have also modified their holdings of the company. Teachers Advisors LLC raised its stake in shares of XPO Logistics by 16.1% in the fourth quarter. Teachers Advisors LLC now owns 197,662 shares of the transportation company’s stock valued at $8,531,000 after buying an additional 27,360 shares during the period. Bank of Montreal Can raised its stake in shares of XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after buying an additional 241 shares during the period. Rice Hall James & Associates LLC acquired a new stake in shares of XPO Logistics during the first quarter valued at $1,581,000. Russell Investments Group Ltd. raised its stake in shares of XPO Logistics by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 61,283 shares of the transportation company’s stock valued at $2,934,000 after buying an additional 6,465 shares during the period. Finally, BTC Capital Management Inc. acquired a new stake in shares of XPO Logistics during the first quarter valued at $1,793,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

XPO Logistics, Inc. (NYSE:XPO) opened at 55.32 on Friday. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 63.37 and a beta of 2.31. XPO Logistics, Inc. has a 52-week low of $31.68 and a 52-week high of $65.44. The firm has a 50-day moving average of $60.28 and a 200-day moving average of $53.73.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. On average, equities research analysts forecast that XPO Logistics, Inc. will post $1.92 EPS for the current fiscal year.

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XPO has been the topic of several recent research reports. Stifel Nicolaus lifted their target price on shares of XPO Logistics from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Credit Suisse Group lifted their target price on shares of XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Morgan Stanley lifted their target price on shares of XPO Logistics from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $63.00 target price (up from $58.00) on shares of XPO Logistics in a research report on Friday, May 12th. Finally, CIBC lifted their target price on shares of XPO Logistics from $58.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. XPO Logistics presently has a consensus rating of “Buy” and an average price target of $66.73.

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

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