TD Asset Management Inc. acquired a new position in shares of XPO Logistics, Inc. (NYSE:XPO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,000 shares of the transportation company’s stock, valued at approximately $2,508,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in XPO Logistics by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock valued at $591,414,000 after purchasing an additional 718,511 shares during the period. American Century Companies Inc. lifted its position in XPO Logistics by 94.6% during the 3rd quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock valued at $208,090,000 after purchasing an additional 1,492,525 shares during the period. Dimensional Fund Advisors LP lifted its position in XPO Logistics by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,953 shares of the transportation company’s stock valued at $190,725,000 after purchasing an additional 85,621 shares during the period. FMR LLC lifted its position in XPO Logistics by 73.3% during the 2nd quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock valued at $187,026,000 after purchasing an additional 1,223,543 shares during the period. Finally, Victory Capital Management Inc. lifted its position in XPO Logistics by 37.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock valued at $149,485,000 after purchasing an additional 603,866 shares during the period.

Shares of XPO Logistics, Inc. (NYSE:XPO) traded up $0.56 during mid-day trading on Friday, reaching $77.27. 1,799,527 shares of the company’s stock traded hands, compared to its average volume of 1,198,770. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. The firm has a market cap of $9,263.36, a P/E ratio of 44.66, a P/E/G ratio of 1.11 and a beta of 2.52. XPO Logistics, Inc. has a 52-week low of $42.07 and a 52-week high of $80.10.

XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. sell-side analysts forecast that XPO Logistics, Inc. will post 1.92 earnings per share for the current year.

A number of brokerages recently weighed in on XPO. CIBC cut their price target on shares of XPO Logistics from $77.00 to $75.00 and set an “outperform” rating on the stock in a research report on Monday, November 20th. Oppenheimer increased their price target on shares of XPO Logistics from $77.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 20th. Wells Fargo & Company increased their price target on shares of XPO Logistics to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Stifel Nicolaus increased their price target on shares of XPO Logistics from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $110.00 price target on shares of XPO Logistics in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $77.59.

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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.

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

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