Sanctuary Advisors LLC Acquires New Holdings in GXO Logistics, Inc. (NYSE:GXO)

Sanctuary Advisors LLC acquired a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) during the third quarter, HoldingsChannel reports. The institutional investor acquired 4,026 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds also recently modified their holdings of GXO. Eminence Capital LP acquired a new stake in shares of GXO Logistics during the second quarter worth $79,698,000. Spruce House Investment Management LLC boosted its stake in GXO Logistics by 827.8% in the 2nd quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company’s stock worth $45,450,000 after buying an additional 803,000 shares during the last quarter. American Century Companies Inc. grew its holdings in GXO Logistics by 25.2% in 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 during the period. Global Alpha Capital Management Ltd. acquired a new position in shares of GXO Logistics during the 3rd quarter valued at about $32,434,000. Finally, Brown Brothers Harriman & Co. increased its position in GXO Logistics by 105.0% during the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock worth $50,418,000 after purchasing an additional 495,829 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TD Cowen boosted their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Oppenheimer increased their target price on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. UBS Group upped their price target on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup assumed coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price on the stock. Finally, Barclays dropped their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

GXO Logistics Price Performance

Shares of GXO stock opened at $42.80 on Monday. The business’s fifty day moving average is $55.16 and its 200-day moving average is $52.55. GXO Logistics, Inc. has a 1 year low of $41.38 and a 1 year high of $63.33. The stock has a market cap of $5.11 billion, a PE ratio of 47.56, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86.

GXO Logistics (NYSE:GXO) last issued its earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. Equities analysts expect that GXO Logistics, Inc. will post 2.76 earnings per share for the current fiscal year.

GXO Logistics Company 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.