Polaris Greystone Financial Group LLC trimmed its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,864 shares of the transportation company’s stock after selling 921 shares during the period. Polaris Greystone Financial Group LLC’s holdings in XPO Logistics were worth $4,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. SG Capital Management LLC acquired a new position in XPO Logistics in the 3rd quarter worth $1,360,000. TIAA FSB lifted its holdings in XPO Logistics by 340.6% in the 3rd quarter. TIAA FSB now owns 45,369 shares of the transportation company’s stock worth $5,180,000 after buying an additional 35,072 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in XPO Logistics in the 3rd quarter worth $111,000. Aperio Group LLC lifted its holdings in XPO Logistics by 33.9% in the 3rd quarter. Aperio Group LLC now owns 22,473 shares of the transportation company’s stock worth $2,566,000 after buying an additional 5,688 shares in the last quarter. Finally, Highland Capital Management LLC lifted its holdings in XPO Logistics by 37.8% in the 3rd quarter. Highland Capital Management LLC now owns 9,907 shares of the transportation company’s stock worth $1,131,000 after buying an additional 2,719 shares in the last quarter. 92.72% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. ValuEngine lowered shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Friday, June 29th. KeyCorp cut their price objective on shares of XPO Logistics from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, August 3rd. R. F. Lafferty assumed coverage on shares of XPO Logistics in a report on Tuesday, July 10th. They issued a “buy” rating and a $125.00 price objective on the stock. Bank of America cut their price objective on shares of XPO Logistics from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, August 2nd. Finally, Jefferies Financial Group assumed coverage on shares of XPO Logistics in a report on Wednesday, October 3rd. They issued a “buy” rating and a $145.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $113.30.

Shares of XPO Logistics stock opened at $94.70 on Friday. The stock has a market capitalization of $12.76 billion, a PE ratio of 48.56, a P/E/G ratio of 0.75 and a beta of 2.32. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.07. XPO Logistics Inc has a 1 year low of $66.15 and a 1 year high of $116.27.

XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, August 1st. The transportation company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.01. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.29 billion. XPO Logistics had a net margin of 2.84% and a return on equity of 9.12%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 EPS. Sell-side analysts forecast that XPO Logistics Inc will post 3.48 earnings per share for the current year.

About XPO Logistics

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.

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

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