Green Square Capital LLC purchased a new position in shares of XPO Logistics, Inc. (NYSE:XPO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,863 shares of the transportation company’s stock, valued at approximately $444,000.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. increased its stake in shares of XPO Logistics by 719.7% during the 2nd quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock worth $101,957,000 after purchasing an additional 1,385,098 shares during the last quarter. DSAM Partners London Ltd purchased a new stake in shares of XPO Logistics during the 2nd quarter worth approximately $15,913,000. FMR LLC increased its stake in shares of XPO Logistics by 23.6% during the 1st quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after purchasing an additional 319,056 shares during the last quarter. Cipher Capital LP increased its stake in shares of XPO Logistics by 10.1% during the 2nd quarter. Cipher Capital LP now owns 31,180 shares of the transportation company’s stock worth $2,015,000 after purchasing an additional 2,858 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of XPO Logistics by 111.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 130,821 shares of the transportation company’s stock worth $8,455,000 after purchasing an additional 68,854 shares during the last quarter. Institutional investors own 89.54% of the company’s stock.

XPO has been the subject of several research analyst reports. BidaskClub lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley raised their price target on shares of XPO Logistics from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Stifel Nicolaus restated a “buy” rating and set a $77.00 price target (down previously from $78.00) on shares of XPO Logistics in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Friday, July 7th. Finally, Bank of America Corporation initiated coverage on shares of XPO Logistics in a research note on Wednesday, June 28th. They set a “buy” rating and a $72.00 price target for the company. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $68.67.

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XPO Logistics, Inc. (NYSE:XPO) traded up 1.16% on Friday, reaching $66.99. 1,119,918 shares of the company were exchanged. The firm has a 50-day moving average of $61.97 and a 200 day moving average of $57.02. The firm has a market capitalization of $7.89 billion, a P/E ratio of 76.74 and a beta of 2.37. XPO Logistics, Inc. has a 12-month low of $31.68 and a 12-month high of $68.15.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm earned $0.42 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that XPO Logistics, Inc. will post $1.91 earnings per share for the current year.

XPO Logistics Profile

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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