GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,276 shares of the company’s stock after purchasing an additional 504 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in GXO Logistics were worth $2,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GXO. Vanguard Group Inc. increased its stake in shares of GXO Logistics by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,145,865 shares of the company’s stock valued at $681,681,000 after acquiring an additional 72,764 shares during the last quarter. Quadrature Capital Ltd purchased a new position in GXO Logistics during the fourth quarter worth approximately $490,000. Security National Bank boosted its holdings in shares of GXO Logistics by 0.5% in the 1st quarter. Security National Bank now owns 71,456 shares of the company’s stock valued at $3,841,000 after purchasing an additional 348 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of GXO Logistics by 35.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 44,308 shares of the company’s stock valued at $2,382,000 after purchasing an additional 11,543 shares during the last quarter. Finally, New England Research & Management Inc. grew its stake in shares of GXO Logistics by 82.4% during the 1st quarter. New England Research & Management Inc. now owns 17,375 shares of the company’s stock valued at $934,000 after buying an additional 7,850 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

GXO Logistics Trading Down 1.1 %

NYSE GXO opened at $62.29 on Tuesday. The stock has a market cap of $7.44 billion, a P/E ratio of 44.81, a PEG ratio of 1.52 and a beta of 1.59. The company’s fifty day simple moving average is $51.71 and its 200-day simple moving average is $51.11. 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, Inc. has a 52 week low of $46.07 and a 52 week high of $63.33.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $2.85 billion for 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 quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm earned $0.70 EPS. Equities research analysts predict that GXO Logistics, Inc. will post 2.79 EPS for the current fiscal year.

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.