Canada Pension Plan Investment Board Invests $232,000 in GXO Logistics, Inc. (NYSE:GXO)

Canada Pension Plan Investment Board acquired a new stake in GXO Logistics, Inc. (NYSE:GXO) during the second quarter, Holdings Channel reports. The institutional investor acquired 4,600 shares of the company’s stock, valued at approximately $232,000.

A number of other institutional investors have also made changes to their positions in GXO. XTX Topco Ltd acquired a new stake in GXO Logistics in the 2nd quarter valued at $228,000. Mathes Company Inc. grew its holdings in shares of GXO Logistics by 6.3% in the 2nd quarter. Mathes Company Inc. now owns 25,300 shares of the company’s stock valued at $1,278,000 after acquiring an additional 1,500 shares in the last quarter. Foresight Group Ltd Liability Partnership increased its position in shares of GXO Logistics by 120.9% in the second quarter. Foresight Group Ltd Liability Partnership now owns 22,601 shares of the company’s stock valued at $1,141,000 after acquiring an additional 12,370 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in GXO Logistics by 13.0% during the second quarter. First Eagle Investment Management LLC now owns 262,750 shares of the company’s stock worth $13,269,000 after acquiring an additional 30,166 shares in the last quarter. Finally, Waterloo Capital L.P. boosted its position in GXO Logistics by 10.3% during the second quarter. Waterloo Capital L.P. now owns 21,353 shares of the company’s stock valued at $1,078,000 after purchasing an additional 2,001 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO stock opened at $52.19 on Friday. GXO Logistics, Inc. has a 52 week low of $46.07 and a 52 week high of $63.07. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 1.55 and a beta of 1.58. The company has a 50-day simple moving average of $50.44 and a 200 day simple moving average of $50.55. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86.

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

Analyst Upgrades and Downgrades

GXO has been the topic of several recent analyst reports. UBS Group lowered their price target on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Wells Fargo & Company began coverage on shares of GXO Logistics in a research note on Friday, June 7th. They issued an “overweight” rating and a $58.00 price target for the company. Finally, Susquehanna lowered their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.