Highland Capital Management LLC increased its stake in shares of XPO Logistics Inc (NYSE:XPO) by 37.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,907 shares of the transportation company’s stock after purchasing an additional 2,719 shares during the quarter. Highland Capital Management LLC’s holdings in XPO Logistics were worth $1,131,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in XPO Logistics by 10.8% during the 1st quarter. Principal Financial Group Inc. now owns 14,572 shares of the transportation company’s stock worth $1,484,000 after acquiring an additional 1,424 shares during the period. Commonwealth Equity Services LLC lifted its position in XPO Logistics by 22.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 6,182 shares of the transportation company’s stock worth $629,000 after acquiring an additional 1,136 shares during the period. UBS Group AG lifted its position in XPO Logistics by 15.5% during the 1st quarter. UBS Group AG now owns 136,505 shares of the transportation company’s stock worth $13,897,000 after acquiring an additional 18,347 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in XPO Logistics by 17.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,470 shares of the transportation company’s stock worth $455,000 after acquiring an additional 658 shares during the period. Finally, Legal & General Group Plc lifted its position in XPO Logistics by 415.2% during the 1st quarter. Legal & General Group Plc now owns 429,810 shares of the transportation company’s stock worth $43,759,000 after acquiring an additional 346,390 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

XPO opened at $95.84 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $14.48 billion, a PE ratio of 49.15, a price-to-earnings-growth ratio of 0.85 and a beta of 2.32. XPO Logistics Inc has a 12 month low of $63.28 and a 12 month high of $116.27.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.97 by $0.01. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.29 billion. XPO Logistics had a return on equity of 9.12% and a net margin of 2.84%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. As a group, research analysts forecast that XPO Logistics Inc will post 3.49 EPS for the current fiscal year.

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price objective on XPO Logistics from $118.00 to $126.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Jefferies Financial Group assumed coverage on XPO Logistics in a research report on Wednesday, October 3rd. They set a “buy” rating and a $145.00 price objective for the company. R. F. Lafferty assumed coverage on XPO Logistics in a research report on Tuesday, July 10th. They set a “buy” rating and a $125.00 price objective for the company. KeyCorp decreased their price objective on XPO Logistics from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, August 3rd. Finally, ValuEngine cut XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 29th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. XPO Logistics presently has a consensus rating of “Buy” and an average price target of $113.30.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.

Featured Article: Stock Split

Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO Logistics Inc (NYSE:XPO).

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.