Elk Creek Partners LLC lifted its holdings in shares of XPO Logistics, Inc. (NYSE:XPO) by 3.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 107,579 shares of the transportation company’s stock after purchasing an additional 3,156 shares during the period. Elk Creek Partners LLC owned 0.10% of XPO Logistics worth $6,953,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas boosted its holdings in XPO Logistics by 1.4% in the first quarter. Teacher Retirement System of Texas now owns 8,751 shares of the transportation company’s stock valued at $419,000 after acquiring an additional 118 shares during the last quarter. Prudential Financial Inc. boosted its holdings in XPO Logistics by 1.5% in the first quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 150 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in XPO Logistics by 1.6% in the second quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock valued at $704,000 after acquiring an additional 179 shares during the last quarter. Bank of Montreal Can boosted its holdings 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 valued at $143,000 after acquiring an additional 241 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in XPO Logistics by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 373 shares during the last quarter. Institutional investors own 89.54% of the company’s stock.

XPO Logistics, Inc. (NYSE:XPO) opened at 61.238 on Monday. The firm has a 50-day moving average price of $58.79 and a 200 day moving average price of $55.47. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 70.147 and a beta of 2.28. XPO Logistics, Inc. has a 1-year low of $31.68 and a 1-year high of $65.44.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. 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 previous year, the company posted $0.42 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Equities analysts predict that XPO Logistics, Inc. will post $1.91 earnings per share for the current year.

Several research firms recently issued reports on XPO. Stifel Nicolaus set a $77.00 price target on XPO Logistics and gave the company a “buy” rating in a report on Wednesday, August 23rd. William Blair reiterated an “outperform” rating on shares of XPO Logistics in a report on Monday, August 7th. BidaskClub cut XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. raised their price target on XPO Logistics from $63.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, July 11th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $75.00 price target on shares of XPO Logistics in a report on Monday, June 5th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. XPO Logistics currently has an average rating of “Buy” and a consensus target price of $67.33.

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XPO Logistics 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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