XPO Logistics Inc. (NYSE:XPO)’s share price rose 3.3% during trading on Monday . The stock traded as high as $26.24 and last traded at $26.16, with a volume of 1,534,449 shares changing hands. The stock had previously closed at $25.32.

XPO has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on XPO Logistics in a research report on Monday, July 11th. They set an “overweight” rating and a $40.00 price objective on the stock. Citigroup Inc. restated a “buy” rating and set a $38.00 price target (up from $33.00) on shares of XPO Logistics in a research report on Thursday, April 14th. Deutsche Bank AG restated a “buy” rating on shares of XPO Logistics in a research report on Wednesday, June 22nd. Oppenheimer Holdings Inc. restated a “buy” rating on shares of XPO Logistics in a research report on Monday, April 11th. Finally, Wells Fargo & Co. initiated coverage on XPO Logistics in a research report on Tuesday, May 10th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $40.50.

The company’s 50-day moving average price is $27.06 and its 200-day moving average price is $26.93. The stock’s market capitalization is $2.98 billion.

XPO Logistics (NYSE:XPO) last posted its earnings results on Tuesday, May 3rd. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.09. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. The firm earned $3.55 billion during the quarter, compared to analysts’ expectations of $3.56 billion. XPO Logistics’s quarterly revenue was up 404.4% on a year-over-year basis. On average, equities analysts expect that XPO Logistics Inc. will post $0.75 earnings per share for the current year.

In related news, major shareholder Sector Pension Investme Public sold 4,000,000 shares of the business’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $26.20, for a total value of $104,800,000.00. Following the sale, the insider now directly owns 9,637,746 shares in the company, valued at $252,508,945.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

A number of large investors recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its stake in shares of XPO Logistics by 3.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 46,535 shares of the company’s stock worth $1,268,000 after buying an additional 1,495 shares during the period. Nationwide Fund Advisors increased its stake in shares of XPO Logistics by 2.0% in the fourth quarter. Nationwide Fund Advisors now owns 47,069 shares of the company’s stock worth $1,283,000 after buying an additional 924 shares during the period. California State Teachers Retirement System increased its stake in shares of XPO Logistics by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 132,497 shares of the company’s stock worth $3,611,000 after buying an additional 2,070 shares during the period. Swiss National Bank increased its stake in shares of XPO Logistics by 20.8% in the fourth quarter. Swiss National Bank now owns 126,214 shares of the company’s stock worth $3,439,000 after buying an additional 21,750 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of XPO Logistics by 6.7% in the fourth quarter. Rhumbline Advisers now owns 77,478 shares of the company’s stock worth $2,111,000 after buying an additional 4,860 shares during the period.

XPO Logistics, Inc is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods.

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