Susquehanna Fundamental Investments LLC Raises Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Susquehanna Fundamental Investments LLC lifted its stake in GXO Logistics, Inc. (NYSE:GXO) by 537.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 137,732 shares of the company’s stock after buying an additional 116,125 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in GXO Logistics were worth $6,955,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mather Group LLC. lifted its holdings in GXO Logistics by 170.7% in the second quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock worth $60,000 after buying an additional 700 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of GXO Logistics by 920.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock valued at $64,000 after purchasing an additional 1,151 shares during the period. Motco boosted its position in shares of GXO Logistics by 2,836.4% during the first quarter. Motco now owns 1,292 shares of the company’s stock valued at $69,000 after purchasing an additional 1,248 shares in the last quarter. Smithfield Trust Co grew its stake in GXO Logistics by 16.5% in the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after purchasing an additional 195 shares during the period. Finally, LRI Investments LLC purchased a new position in GXO Logistics during the first quarter valued at $80,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO opened at $52.19 on Friday. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 37.55, a P/E/G ratio of 1.55 and a beta of 1.58. The business’s fifty day simple moving average is $50.44 and its two-hundred day simple moving average is $50.55. GXO Logistics, Inc. has a 12 month low of $46.07 and a 12 month high of $63.07. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the business earned $0.70 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. Research analysts anticipate that GXO Logistics, Inc. will post 2.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on GXO shares. Wells Fargo & Company initiated coverage on shares of GXO Logistics in a research report on Friday, June 7th. They issued an “overweight” rating and a $58.00 target price on the stock. UBS Group decreased their target price on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Finally, Susquehanna reduced their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.27.

GXO Logistics Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.