Orbis Investment Management Lowered Position in Xpo Logistics INC (XPO) as Stock Rose

May 17, 2018 - By Robert Crowder

XPO Logistics, Inc. (NYSE:XPO) LogoInvestors sentiment decreased to 1.42 in 2017 Q4. Its down 0.41, from 1.83 in 2017Q3. It fall, as 43 investors sold XPO shares while 95 reduced holdings. 84 funds opened positions while 112 raised stakes. 98.73 million shares or 2.06% more from 96.74 million shares in 2017Q3 were reported. Dekabank Deutsche Girozentrale holds 0.05% or 104,950 shares. Raymond James Fincl Serv Advsrs Inc holds 0.01% or 23,520 shares in its portfolio. State Of Wisconsin Invest Board stated it has 24,335 shares. Cap One Association owns 0.08% invested in XPO Logistics, Inc. (NYSE:XPO) for 12,370 shares. Capital Advisers Ltd Liability invested 0.17% of its portfolio in XPO Logistics, Inc. (NYSE:XPO). Fagan Assoc owns 42,030 shares for 1.56% of their portfolio. Canada Pension Plan Invest Board reported 123,700 shares. Cushing Asset Mgmt Lp holds 183,071 shares. Pub Employees Retirement Association Of Colorado accumulated 24,359 shares or 0.01% of the stock. Jane Street Gru Limited Liability Company holds 56,429 shares. Benchmark Cap Advsr holds 0.29% or 4,100 shares in its portfolio. Morgens Waterfall Vintiadis And accumulated 56,100 shares. Driehaus Mgmt Ltd Liability owns 377,233 shares or 1.31% of their US portfolio. Hightower Advsr Ltd Liability Com reported 4,504 shares. Dubuque Commercial Bank has invested 0.03% of its portfolio in XPO Logistics, Inc. (NYSE:XPO).

William B. Gray decreased its stake in Xpo Logistics Inc (XPO) by 14.35% based on its latest 2017Q4 regulatory filing with the SEC. Orbis Investment Management sold 41,649 shares as the company’s stock rose 9.61% while stock markets declined. The hedge fund run by William B. Gray held 248,657 shares of the consumer services company at the end of 2017Q4, valued at $22.77 million, down from 290,306 at the end of the previous reported quarter. Orbis Investment Management who had been investing in Xpo Logistics Inc for a number of months, seems to be less bullish one the $12.88B market cap company. The stock increased 0.88% or $0.93 during the last trading session, reaching $106.77. About 424,738 shares traded. XPO Logistics, Inc. (NYSE:XPO) has risen 113.78% since May 17, 2017 and is uptrending. It has outperformed by 102.23% the S&P500.

Orbis Investment Management, which manages about $147.38 million US Long portfolio, upped its stake in Symantec Corp (NASDAQ:SYMC) by 285,237 shares to 433,598 shares, valued at $12.17 million in 2017Q4, according to the filing.

Analysts await XPO Logistics, Inc. (NYSE:XPO) to report earnings on August, 1. They expect $1.02 EPS, up 70.00 % or $0.42 from last year’s $0.6 per share. XPO’s profit will be $123.06 million for 26.17 P/E if the $1.02 EPS becomes a reality. After $0.61 actual EPS reported by XPO Logistics, Inc. for the previous quarter, Wall Street now forecasts 67.21 % EPS growth.

More important recent XPO Logistics, Inc. (NYSE:XPO) news were published by: Globenewswire.com which released: “Research Report Identifies Aceto, Eaton Vance, New Relic, Western Alliance, Alexander & Baldwin, and XPO Logistics …” on April 26, 2018, also Fool.com published article titled: “XPO Logistics Wants to Level the Retail Playing Field”, Streetinsider.com published: “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” on May 15, 2018. More interesting news about XPO Logistics, Inc. (NYSE:XPO) was released by: Nasdaq.com and their article: “XPO Logistics Launches Voice-Enabled Tracking for Last Mile Shipments” with publication date: April 18, 2018.

XPO Logistics, Inc. (NYSE:XPO) Ratings Coverage

Among 14 analysts covering XPO Logistics (NYSE:XPO), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. XPO Logistics had 22 analyst reports since December 19, 2017 according to SRatingsIntel. On Thursday, February 8 the stock rating was maintained by Susquehanna with “Buy”. The stock has “Buy” rating by Credit Suisse on Thursday, January 11. The stock of XPO Logistics, Inc. (NYSE:XPO) has “Buy” rating given on Tuesday, January 2 by Seaport Global. The stock has “Outperform” rating by Credit Suisse on Friday, May 4. KeyBanc Capital Markets maintained the shares of XPO in report on Thursday, January 11 with “Buy” rating. Susquehanna maintained it with “Buy” rating and $12000 target in Monday, April 16 report. The firm earned “Buy” rating on Thursday, May 3 by Oppenheimer. The stock of XPO Logistics, Inc. (NYSE:XPO) earned “Buy” rating by Deutsche Bank on Friday, February 9. The stock of XPO Logistics, Inc. (NYSE:XPO) earned “Buy” rating by Stifel Nicolaus on Tuesday, January 2. The firm has “Buy” rating by Oppenheimer given on Wednesday, February 7.

XPO Logistics, Inc. (NYSE:XPO) Institutional Positions Chart

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