Commonwealth Equity Services Inc purchased a new position in XPO Logistics, Inc. (NYSE:XPO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,396 shares of the transportation company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in 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 acquiring an additional 466 shares during the last quarter. Argent Trust Co acquired a new stake in XPO Logistics during the second quarter worth about $205,000. Boston Advisors LLC acquired a new stake in XPO Logistics during the second quarter worth about $212,000. BNP Paribas Arbitrage SA increased its stake in XPO Logistics by 49.9% during the second quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock worth $219,000 after acquiring an additional 1,129 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in XPO Logistics during the second quarter worth about $225,000.

Several equities research analysts have commented on XPO shares. William Blair restated an “outperform” rating on shares of XPO Logistics in a research note on Monday, August 7th. Stifel Nicolaus set a $77.00 price target on XPO Logistics and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Cowen restated a “buy” rating and set a $69.00 price target on shares of XPO Logistics in a research note on Thursday, September 7th. Credit Suisse Group upped their price target on XPO Logistics from $68.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. Finally, Barclays upped their price target on XPO Logistics from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.59.

Shares of XPO Logistics, Inc. (XPO) traded down $1.66 during midday trading on Tuesday, hitting $76.33. The stock had a trading volume of 1,789,600 shares, compared to its average volume of 1,507,423. XPO Logistics, Inc. has a 52 week low of $42.07 and a 52 week high of $80.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $9,349.70, a P/E ratio of 45.08, a price-to-earnings-growth ratio of 1.12 and a beta of 2.52.

XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. sell-side analysts expect that XPO Logistics, Inc. will post 1.92 earnings per share for the current fiscal year.

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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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