LPL Financial LLC raised its stake in shares of XPO Logistics Inc (NYSE:XPO) by 29.5% during the fourth quarter, Holdings Channel reports. The fund owned 17,510 shares of the transportation company’s stock after acquiring an additional 3,985 shares during the quarter. LPL Financial LLC’s holdings in XPO Logistics were worth $999,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hsbc Holdings PLC lifted its position in shares of XPO Logistics by 20.3% in the 3rd quarter. Hsbc Holdings PLC now owns 24,359 shares of the transportation company’s stock worth $2,781,000 after buying an additional 4,115 shares during the last quarter. Morgan Stanley lifted its position in shares of XPO Logistics by 50.1% in the 3rd quarter. Morgan Stanley now owns 1,557,140 shares of the transportation company’s stock worth $177,779,000 after buying an additional 519,553 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of XPO Logistics by 2.1% in the 3rd quarter. Prudential Financial Inc. now owns 36,552 shares of the transportation company’s stock worth $4,174,000 after buying an additional 750 shares during the last quarter. Tdam USA Inc. lifted its position in shares of XPO Logistics by 292.7% in the 4th quarter. Tdam USA Inc. now owns 24,350 shares of the transportation company’s stock worth $1,389,000 after buying an additional 18,150 shares during the last quarter. Finally, Gilman Hill Asset Management LLC bought a new position in shares of XPO Logistics in the 4th quarter worth about $609,000.

XPO has been the topic of a number of recent research reports. Citigroup reduced their price target on shares of XPO Logistics from $114.00 to $96.00 and set an “outperform” rating on the stock in a research report on Monday, December 17th. Cowen restated an “outperform” rating and issued a $79.00 price target (down from $101.00) on shares of XPO Logistics in a research report on Tuesday, February 19th. Loop Capital initiated coverage on shares of XPO Logistics in a research report on Wednesday, February 6th. They issued a “buy” rating and a $75.00 price target on the stock. Morgan Stanley downgraded shares of XPO Logistics from an “overweight” rating to an “equal weight” rating and set a $116.00 price target on the stock. in a research report on Tuesday, February 19th. Finally, Jefferies Financial Group raised their price target on shares of XPO Logistics to $120.00 and gave the stock a “buy” rating in a research report on Thursday, December 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $92.49.

Shares of NYSE:XPO opened at $49.65 on Friday. The stock has a market capitalization of $5.48 billion, a P/E ratio of 15.56, a PEG ratio of 0.46 and a beta of 2.20. XPO Logistics Inc has a fifty-two week low of $41.05 and a fifty-two week high of $116.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 14th. The transportation company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.11). The firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.56 billion. XPO Logistics had a net margin of 2.44% and a return on equity of 10.83%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, research analysts expect that XPO Logistics Inc will post 3.65 earnings per share for the current fiscal year.

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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.

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

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