Dimensional Fund Advisors LP increased its holdings in shares of XPO Logistics, Inc. (NYSE:XPO) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,115,541 shares of the transportation company’s stock after purchasing an additional 164,588 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.60% of XPO Logistics worth $211,152,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in XPO. American Century Companies Inc. boosted its stake in XPO Logistics by 94.6% during the third quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock valued at $208,090,000 after buying an additional 1,492,525 shares during the last quarter. FMR LLC lifted its stake in shares of XPO Logistics by 73.3% in the 2nd quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock valued at $187,026,000 after purchasing an additional 1,223,543 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of XPO Logistics by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock valued at $591,414,000 after purchasing an additional 718,511 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of XPO Logistics by 37.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock valued at $149,485,000 after purchasing an additional 603,866 shares during the last quarter. Finally, Castleark Management LLC bought a new stake in shares of XPO Logistics in the 2nd quarter valued at approximately $30,551,000.
XPO Logistics, Inc. (NYSE XPO) traded down $0.44 during trading hours on Monday, reaching $76.83. The company’s stock had a trading volume of 218,203 shares, compared to its average volume of 1,503,641. XPO Logistics, Inc. has a 52 week low of $42.07 and a 52 week high of $80.10. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24. The stock has a market cap of $9,260.00, a price-to-earnings ratio of 44.67, a P/E/G ratio of 1.11 and a beta of 2.51.
Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Oppenheimer reissued a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a research note on Thursday, October 12th. Credit Suisse Group raised their price objective on XPO Logistics from $76.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Cowen reiterated a “buy” rating and issued a $69.00 price target on shares of XPO Logistics in a report on Thursday, September 7th. Finally, 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. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. XPO Logistics presently has a consensus rating of “Buy” and a consensus price target of $77.59.
About XPO Logistics
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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