Atomi Financial Group Inc. Buys New Position in GXO Logistics, Inc. (NYSE:GXO)

Atomi Financial Group Inc. purchased a new position in GXO Logistics, Inc. (NYSE:GXO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,016 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors have also recently made changes to their positions in GXO. Eminence Capital LP purchased a new position in GXO Logistics in the second quarter worth $79,698,000. Swedbank AB purchased a new position in shares of GXO Logistics in the 1st quarter worth about $84,672,000. Spruce House Investment Management LLC increased its position in shares of GXO Logistics by 827.8% during the 2nd quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company’s stock valued at $45,450,000 after purchasing an additional 803,000 shares during the last quarter. Fort Pitt Capital Group LLC raised its holdings in shares of GXO Logistics by 60.4% during the 1st quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company’s stock valued at $99,647,000 after buying an additional 698,180 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of GXO Logistics by 25.2% during the 2nd quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock valued at $162,702,000 after buying an additional 648,547 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Up 6.7 %

GXO opened at $61.98 on Monday. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 52.97, a PEG ratio of 1.52 and a beta of 1.59. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.07. The business has a 50 day simple moving average of $49.96 and a two-hundred day simple moving average of $50.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. Analysts predict that GXO Logistics, Inc. will post 2.79 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. UBS Group reduced their price target on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Citigroup assumed coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price on the stock. Susquehanna lowered their price target on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. raised their price objective on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.91.

About GXO Logistics

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.