XPO Logistics Inc. (NYSE:XPO) shares dropped 1.9% during trading on Thursday . The stock traded as low as $35.85 and last traded at $35.94, with a volume of 501,463 shares traded. The stock had previously closed at $36.64.

XPO has been the topic of several recent analyst reports. Zacks Investment Research raised XPO Logistics from a “strong sell” rating to a “hold” rating in a report on Thursday, April 28th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of XPO Logistics in a research report on Wednesday, May 4th. Wells Fargo & Co. began coverage on shares of XPO Logistics in a research report on Tuesday, May 10th. They issued a “buy” rating for the company. Buckingham Research began coverage on shares of XPO Logistics in a research report on Tuesday, May 17th. They issued a “buy” rating and a $38.00 price objective for the company. Finally, Deutsche Bank AG restated a “buy” rating on shares of XPO Logistics in a research report on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $44.31.

The stock’s 50-day moving average is $31.29 and its 200 day moving average is $28.93. The stock’s market capitalization is $3.97 billion.

XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. The company earned $3.68 billion during the quarter. XPO Logistics’s quarterly revenue was up 202.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) EPS. On average, equities research analysts expect that XPO Logistics Inc. will post $1.01 earnings per share for the current fiscal year.

In other news, major shareholder Sector Pension Investme Public sold 4,000,000 shares of the firm’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $26.20, for a total transaction of $104,800,000.00. Following the completion of the transaction, the insider now owns 9,637,746 shares of the company’s stock, valued at $252,508,945.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Private Ltd Gic sold 145,000 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $37.42, for a total transaction of $5,425,900.00. The disclosure for this sale can be found here.

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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