Cornerstone Capital Management Holdings LLC. grew its stake in shares of XPO Logistics, Inc. (NYSE:XPO) by 814.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 170,097 shares of the transportation company’s stock after buying an additional 151,503 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.14% of XPO Logistics worth $10,992,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of XPO Logistics by 719.7% during the 2nd quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock valued at $101,957,000 after buying an additional 1,385,098 shares in the last quarter. DSAM Partners London Ltd purchased a new stake in shares of XPO Logistics during the 2nd quarter valued at $15,913,000. FMR LLC raised its position in shares of XPO Logistics by 23.6% during the 1st quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock valued at $79,988,000 after buying an additional 319,056 shares in the last quarter. Cipher Capital LP raised its position in shares of XPO Logistics by 10.1% during the 2nd quarter. Cipher Capital LP now owns 31,180 shares of the transportation company’s stock valued at $2,015,000 after buying an additional 2,858 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of XPO Logistics by 111.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 130,821 shares of the transportation company’s stock valued at $8,455,000 after buying an additional 68,854 shares in the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.

XPO has been the topic of several research reports. BidaskClub cut shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Morgan Stanley raised their price objective on shares of XPO Logistics from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Stifel Nicolaus restated a “buy” rating and set a $77.00 price objective (down previously from $78.00) on shares of XPO Logistics in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Friday, July 7th. Finally, Bank of America Corporation started coverage on shares of XPO Logistics in a report on Wednesday, June 28th. They set a “buy” rating and a $72.00 target price on the stock. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. XPO Logistics has an average rating of “Buy” and a consensus price target of $68.67.

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Shares of XPO Logistics, Inc. (XPO) traded down 0.33% during midday trading on Monday, reaching $66.77. 95,380 shares of the company’s stock were exchanged. The stock has a market cap of $7.87 billion, a PE ratio of 76.48 and a beta of 2.37. The stock’s 50 day moving average is $61.97 and its 200-day moving average is $57.02. XPO Logistics, Inc. has a 12-month low of $31.68 and a 12-month high of $68.15.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts expect that XPO Logistics, Inc. will post $1.91 EPS for the current year.

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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