NEXT Financial Group Inc purchased a new position in shares of XPO Logistics Inc (NYSE:XPO) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 1,132 shares of the transportation company’s stock, valued at approximately $129,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Voya Investment Management LLC raised its stake in shares of XPO Logistics by 87.8% in the 2nd quarter. Voya Investment Management LLC now owns 2,067,804 shares of the transportation company’s stock valued at $207,153,000 after acquiring an additional 966,927 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in shares of XPO Logistics by 1,019.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 894,315 shares of the transportation company’s stock valued at $89,593,000 after acquiring an additional 814,403 shares in the last quarter. BlackRock Inc. raised its stake in shares of XPO Logistics by 14.9% in the 2nd quarter. BlackRock Inc. now owns 5,831,257 shares of the transportation company’s stock valued at $584,174,000 after acquiring an additional 758,293 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of XPO Logistics by 425.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 649,600 shares of the transportation company’s stock valued at $65,077,000 after acquiring an additional 525,900 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of XPO Logistics in the 2nd quarter valued at approximately $40,970,000. 92.92% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the company. Stifel Nicolaus assumed coverage on XPO Logistics in a research note on Tuesday, June 19th. They issued a “hold” rating and a $118.00 price objective on the stock. Jefferies Financial Group assumed coverage on XPO Logistics in a research note on Wednesday, October 3rd. They issued a “buy” rating and a $145.00 price objective on the stock. R. F. Lafferty assumed coverage on XPO Logistics in a research note on Tuesday, July 10th. They issued a “buy” rating and a $125.00 price objective on the stock. KeyCorp cut their price objective on XPO Logistics from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, August 3rd. Finally, ValuEngine downgraded XPO Logistics from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 29th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $113.30.

XPO opened at $99.70 on Friday. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 52.10, a price-to-earnings-growth ratio of 0.85 and a beta of 2.32. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.07. XPO Logistics Inc has a 12-month low of $63.28 and a 12-month high of $116.27.

XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, August 1st. The transportation company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.01. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.29 billion. XPO Logistics had a return on equity of 9.12% and a net margin of 2.84%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. Research analysts expect that XPO Logistics Inc will post 3.49 EPS for the current fiscal year.

XPO Logistics Company Profile

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.

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

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