AlphaMark Advisors LLC acquired a new position in shares of XPO Logistics, Inc. (NYSE:XPO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 63,912 shares of the transportation company’s stock, valued at approximately $4,131,000. XPO Logistics makes up about 1.8% of AlphaMark Advisors LLC’s investment portfolio, making the stock its 15th largest position. AlphaMark Advisors LLC owned about 0.06% of XPO Logistics as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of XPO Logistics by 7.8% in the first quarter. Vanguard Group Inc. now owns 8,432,238 shares of the transportation company’s stock worth $403,820,000 after buying an additional 606,812 shares during the period. BlackRock Inc. boosted its position in shares of XPO Logistics by 24,470.3% in the first quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after buying an additional 5,991,806 shares during the period. FMR LLC boosted its position in shares of XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after buying an additional 319,056 shares during the period. Victory Capital Management Inc. boosted its position in shares of XPO Logistics by 43.4% in the second quarter. Victory Capital Management Inc. now owns 1,601,569 shares of the transportation company’s stock worth $103,509,000 after buying an additional 485,053 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of XPO Logistics by 719.7% in the second quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock worth $101,957,000 after buying an additional 1,385,098 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

XPO Logistics, Inc. (NYSE XPO) traded up 2.02% during trading on Wednesday, hitting $60.97. 397,711 shares of the stock traded hands. The firm has a 50-day moving average price of $59.16 and a 200 day moving average price of $54.22. The firm has a market cap of $7.18 billion, a PE ratio of 69.84 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.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts forecast that XPO Logistics, Inc. will post $1.92 EPS for the current fiscal year.

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XPO has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on XPO Logistics from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. Stifel Nicolaus set a $77.00 price objective on XPO Logistics and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Deutsche Bank AG reaffirmed a “buy” rating and set a $75.00 price objective on shares of XPO Logistics in a research note on Monday, June 5th. William Blair reaffirmed an “outperform” rating on shares of XPO Logistics in a research note on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. raised their price objective on XPO Logistics from $63.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. XPO Logistics presently has a consensus rating of “Buy” and an average price target of $66.73.

XPO Logistics Company 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.

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

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