Oak Ridge Investments LLC raised its stake in shares of XPO Logistics, Inc. (NYSE:XPO) by 13.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,339 shares of the transportation company’s stock after buying an additional 15,960 shares during the period. Oak Ridge Investments LLC owned 0.12% of XPO Logistics worth $8,812,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in XPO Logistics by 461.3% during the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock valued at $116,000 after buying an additional 1,993 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in XPO Logistics by 63.5% during the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock valued at $121,000 after buying an additional 981 shares in the last quarter. Bank of Montreal Can raised its holdings in XPO Logistics by 8.8% during the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after buying an additional 241 shares in the last quarter. Argent Trust Co bought a new position in XPO Logistics during the second quarter valued at about $205,000. Finally, Boston Advisors LLC bought a new position in XPO Logistics during the second quarter valued at about $212,000. Institutional investors own 89.55% of the company’s stock.

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XPO has been the topic of several recent research reports. CIBC raised their target price on XPO Logistics from $58.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 price objective (down from $78.00) on shares of XPO Logistics in a research note on Friday, July 21st. Credit Suisse Group lifted their price objective on XPO Logistics from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Zacks Investment Research lowered XPO Logistics from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Morgan Stanley lifted their price objective on XPO Logistics from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $67.33.

XPO Logistics, Inc. (XPO) traded up 0.7031% during midday trading on Monday, reaching $61.7008. The company had a trading volume of 290,855 shares. The firm has a market capitalization of $7.27 billion, a P/E ratio of 70.6768 and a beta of 2.28. XPO Logistics, Inc. has a one year low of $31.68 and a one year high of $65.44. The stock’s 50 day moving average price is $58.66 and its 200-day moving average price is $55.16.

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

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)

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