Macguire Cheswick & Tuttle Investment Counsel LLC cut its position in XPO Logistics, Inc. (NYSE:XPO) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,055 shares of the transportation company’s stock after selling 475 shares during the period. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in XPO Logistics were worth $4,269,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in XPO. Advisors Asset Management Inc. boosted its position 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 last quarter. State Board of Administration of Florida Retirement System boosted its position in XPO Logistics by 28.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 61,967 shares of the transportation company’s stock worth $2,968,000 after buying an additional 13,589 shares during the last quarter. SignalPoint Asset Management LLC acquired a new position in XPO Logistics during the first quarter worth about $592,000. Webster Bank N. A. boosted its position in XPO Logistics by 21.0% in the first quarter. Webster Bank N. A. now owns 15,145 shares of the transportation company’s stock worth $725,000 after buying an additional 2,625 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in XPO Logistics by 56.8% in the first quarter. Canada Pension Plan Investment Board now owns 123,700 shares of the transportation company’s stock worth $5,924,000 after buying an additional 44,800 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Shares of XPO Logistics, Inc. (NYSE:XPO) opened at 55.63 on Friday. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 63.72 and a beta of 2.31. XPO Logistics, Inc. has a 12 month low of $31.68 and a 12 month high of $65.44. The firm’s 50-day moving average price is $60.94 and its 200-day moving average price is $53.43.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $0.42 earnings per share. XPO Logistics’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that XPO Logistics, Inc. will post $1.92 EPS for the current year.

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A number of research firms recently issued reports on XPO. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Friday, July 7th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $63.00 price objective (up previously from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Stifel Nicolaus restated a “buy” rating and set a $78.00 price objective (up previously from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. BidaskClub cut XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, KeyCorp boosted their price objective on XPO Logistics from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price 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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