Stifel Financial Corp raised its holdings in shares of XPO Logistics, Inc. (NYSE:XPO) by 55.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,250 shares of the transportation company’s stock after buying an additional 15,720 shares during the quarter. Stifel Financial Corp’s holdings in XPO Logistics were worth $2,843,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in shares of XPO Logistics by 1.4% during the first quarter. Teacher Retirement System of Texas now owns 8,751 shares of the transportation company’s stock worth $419,000 after buying an additional 118 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of XPO Logistics by 1.5% during the first quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock worth $496,000 after buying an additional 150 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of XPO Logistics by 1.6% during the second quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock worth $704,000 after buying an additional 179 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of XPO Logistics by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock worth $274,000 after buying an additional 373 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of XPO Logistics by 18.4% during the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after buying an additional 466 shares during the last quarter. Institutional investors own 89.54% of the company’s stock.

A number of brokerages have recently commented on XPO. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a report on Thursday. KeyCorp reiterated a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a report on Thursday. J P Morgan Chase & Co upped their target price on XPO Logistics from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday. Stifel Nicolaus set a $77.00 target price on XPO Logistics and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, William Blair restated an “outperform” rating on shares of XPO Logistics in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. XPO Logistics has an average rating of “Buy” and an average price target of $70.13.

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Shares of XPO Logistics, Inc. (XPO) opened at 68.12 on Friday. The stock’s 50 day moving average price is $63.26 and its 200 day moving average price is $57.63. XPO Logistics, Inc. has a one year low of $31.68 and a one year high of $68.96. The company has a market cap of $8.03 billion, a PE ratio of 78.03 and a beta of 2.37.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. XPO Logistics’s revenue was up 2.1% on a year-over-year basis. Equities analysts predict that XPO Logistics, Inc. will post $1.92 earnings per share for the current fiscal year.

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.

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

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