ARP Americas LLC bought a new position in shares of XPO Logistics, Inc. (NYSE:XPO) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 8,500 shares of the transportation company’s stock, valued at approximately $549,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its position in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the last quarter. Advisors Asset Management Inc. raised its position in XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after buying an additional 981 shares during the last quarter. Bank of Montreal Can raised its position in XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares during the last quarter. FTB Advisors Inc. purchased a new position in XPO Logistics during the first quarter worth about $196,000. Finally, Alambic Investment Management L.P. purchased a new position in XPO Logistics during the first quarter worth about $200,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.59%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 2.1% on a year-over-year basis.

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A number of research firms have issued reports on XPO. Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Friday, July 7th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $63.00 target price (up from $58.00) on shares of XPO Logistics in a research note on Friday, May 12th. Stifel Nicolaus reissued a “buy” rating and set a $78.00 target price (up from $65.00) on shares of XPO Logistics in a research note on Tuesday, July 11th. BidaskClub lowered shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, KeyCorp boosted their target price on shares of XPO Logistics from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $66.73.

XPO Logistics Company Profile

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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