Orbis Allan Gray Ltd buys $726,437,925 stake in XPO Logistics Inc (XPO)

XPO Logistics Inc (XPO) : Orbis Allan Gray Ltd scooped up 2,105,171 additional shares in XPO Logistics Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 20,067,346 shares of XPO Logistics Inc which is valued at $726,437,925.XPO Logistics Inc makes up approximately 5.06% of Orbis Allan Gray Ltd’s portfolio.

Other Hedge Funds, Including , Parallax Volatility Advisers boosted its stake in XPO in the latest quarter, The investment management firm added 96,086 additional shares and now holds a total of 99,200 shares of XPO Logistics Inc which is valued at $3,591,040. XPO Logistics Inc makes up approx 0.16% of Parallax Volatility Advisers’s portfolio.Croft-leominster Inc boosted its stake in XPO in the latest quarter, The investment management firm added 1,881 additional shares and now holds a total of 147,055 shares of XPO Logistics Inc which is valued at $5,323,391. XPO Logistics Inc makes up approx 1.15% of Croft-leominster Inc’s portfolio.Geode Capital Management boosted its stake in XPO in the latest quarter, The investment management firm added 47,653 additional shares and now holds a total of 597,113 shares of XPO Logistics Inc which is valued at $21,615,491. XPO Logistics Inc makes up approx 0.01% of Geode Capital Management’s portfolio.Dekabank Deutsche Girozentrale boosted its stake in XPO in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 4,300 shares of XPO Logistics Inc which is valued at $158,197.

XPO Logistics Inc opened for trading at $35.91 and hit $36.38 on the upside on Thursday, eventually ending the session at $35.93, with a gain of 0.36% or 0.13 points. The heightened volatility saw the trading volume jump to 11,11,170 shares. Company has a market cap of $3,958 M.

On the company’s financial health, XPO Logistics Inc reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.20. The company had revenue of $3683.00 million for the quarter, compared to analysts expectations of $3894.72 million. The company’s revenue was up 202.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.16 EPS.

Many Wall Street Analysts have commented on XPO Logistics Inc. Company shares were Reiterated by Cowen on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 38 from a previous price target of $26 .Company shares were Reiterated by Stifel on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $35 .Company shares were Reiterated by JP Morgan on Aug 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 50 from a previous price target of $40 .

XPO Logistics Inc. is a provider of transportation logistics services and a provider of engineered technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage intermodal last mile expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services including warehousing and distribution reverse logistics transportation management freight bill audit and payment aftermarket support and supply chain optimization for its clients. Its services include truckload transportation last mile logistics engineered supply chain solutions warehousing and distribution ground and air expedite intermodal global forwarding and managed transportation. It also offers truckload transportation in North America.

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