InterOcean Capital LLC boosted its stake in shares of XPO Logistics Inc (NYSE:XPO) by 77.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,430 shares of the transportation company’s stock after purchasing an additional 2,375 shares during the period. InterOcean Capital LLC’s holdings in XPO Logistics were worth $544,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Gables Capital Management Inc. bought a new position in XPO Logistics during the first quarter valued at approximately $102,000. Signet Financial Management LLC bought a new position in XPO Logistics during the second quarter valued at approximately $127,000. Summit Trail Advisors LLC lifted its position in XPO Logistics by 22,168.7% during the first quarter. Summit Trail Advisors LLC now owns 186,166 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 185,330 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in XPO Logistics during the first quarter valued at approximately $198,000. Finally, First Allied Advisory Services Inc. bought a new position in XPO Logistics during the first quarter valued at approximately $200,000. Institutional investors own 92.92% of the company’s stock.

XPO opened at $106.18 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.26 and a current ratio of 1.26. XPO Logistics Inc has a 1-year low of $59.30 and a 1-year high of $115.49. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 54.45, a price-to-earnings-growth ratio of 0.80 and a beta of 2.27.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.01. XPO Logistics had a net margin of 2.84% and a return on equity of 9.12%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. equities analysts anticipate that XPO Logistics Inc will post 3.48 EPS for the current year.

A number of research analysts recently weighed in on the stock. ValuEngine downgraded shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 29th. Stifel Nicolaus assumed coverage on shares of XPO Logistics in a research report on Tuesday, June 19th. They set a “hold” rating and a $118.00 price objective on the stock. KeyCorp lowered their price objective on shares of XPO Logistics from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, August 3rd. Cowen increased their price objective on shares of XPO Logistics from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 24th. Finally, R. F. Lafferty began coverage on shares of XPO Logistics in a research report on Tuesday, July 10th. They set a “buy” rating and a $125.00 price objective on the stock. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. XPO Logistics currently has a consensus rating of “Buy” and a consensus target price of $109.67.

XPO Logistics Profile

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.

Further Reading: Moving Average – How it Helps Investors in Stock Selection

Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO Logistics Inc (NYSE:XPO).

Institutional Ownership by Quarter for XPO Logistics (NYSE:XPO)

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.