Independent Advisor Alliance bought a new stake in shares of XPO Logistics, Inc. (NYSE:XPO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 4,149 shares of the transportation company’s stock, valued at approximately $279,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in XPO Logistics by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock valued at $591,414,000 after purchasing an additional 718,511 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in XPO Logistics by 5.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,115,541 shares of the transportation company’s stock valued at $211,152,000 after purchasing an additional 164,588 shares in the last quarter. American Century Companies Inc. increased its stake in XPO Logistics by 94.6% during the 3rd quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock valued at $208,090,000 after purchasing an additional 1,492,525 shares in the last quarter. FMR LLC increased its stake in XPO Logistics by 73.3% during the 2nd quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock valued at $187,026,000 after purchasing an additional 1,223,543 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in XPO Logistics by 37.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock valued at $149,485,000 after purchasing an additional 603,866 shares in the last quarter.

XPO has been the subject of a number of recent research reports. Cowen restated a “buy” rating and set a $69.00 price target on shares of XPO Logistics in a research note on Thursday, September 7th. Deutsche Bank restated a “buy” rating and set a $110.00 price target on shares of XPO Logistics in a research note on Friday, November 3rd. CIBC reduced their target price on shares of XPO Logistics from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Monday, November 20th. Goldman Sachs Group assumed coverage on shares of XPO Logistics in a research note on Monday, November 13th. They issued a “buy” rating and a $90.00 target price for the company. Finally, J P Morgan Chase & Co upped their target price on shares of XPO Logistics from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. XPO Logistics presently has an average rating of “Buy” and a consensus price target of $77.59.

XPO Logistics, Inc. (NYSE XPO) traded up $0.87 during midday trading on Thursday, hitting $77.16. 1,185,000 shares of the stock traded hands, compared to its average volume of 1,498,456. XPO Logistics, Inc. has a 12-month low of $42.07 and a 12-month high of $80.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $9,250.00, a price-to-earnings ratio of 44.10, a price-to-earnings-growth ratio of 1.10 and a beta of 2.51.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. equities analysts forecast that XPO Logistics, Inc. will post 1.92 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Independent Advisor Alliance Buys New Stake in XPO Logistics, Inc. (XPO)” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.watchlistnews.com/independent-advisor-alliance-buys-new-stake-in-xpo-logistics-inc-xpo/1763936.html.

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.

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.