Jennison Associates LLC purchased a new position in shares of XPO Logistics, Inc. (NYSE:XPO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 300,000 shares of the transportation company’s stock, valued at approximately $20,334,000. Jennison Associates LLC owned about 0.25% of XPO Logistics at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XPO. American Century Companies Inc. increased its holdings in shares of XPO Logistics by 94.6% during the 3rd quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock worth $208,090,000 after buying an additional 1,492,525 shares during the last quarter. FMR LLC increased its holdings in shares of XPO Logistics by 73.3% during the 2nd quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock worth $187,026,000 after buying an additional 1,223,543 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of XPO Logistics by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock worth $591,414,000 after buying an additional 718,511 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of XPO Logistics by 37.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock worth $149,485,000 after buying an additional 603,866 shares during the last quarter. Finally, Castleark Management LLC acquired a new stake in shares of XPO Logistics during the 2nd quarter worth approximately $30,551,000. Institutional investors and hedge funds own 91.57% of the company’s stock.

A number of analysts have recently issued reports on XPO shares. Cowen and Company restated a “buy” rating and set a $69.00 price target on shares of XPO Logistics in a report on Thursday, September 7th. Stifel Nicolaus set a $77.00 price target on shares of XPO Logistics and gave the stock a “buy” rating in a report on Wednesday, August 23rd. KeyCorp restated a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a report on Thursday, October 12th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a report on Thursday, October 12th. Finally, BidaskClub downgraded shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $75.17.

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XPO Logistics, Inc. (XPO) opened at $74.19 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. XPO Logistics, Inc. has a 1 year low of $41.89 and a 1 year high of $74.87. The company has a market cap of $8,616.32, a P/E ratio of 41.55, a price-to-earnings-growth ratio of 1.04 and a beta of 2.47.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the company posted $0.41 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. equities research analysts forecast that XPO Logistics, Inc. will post 1.92 earnings per share for the current fiscal year.

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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