Values First Advisors Inc. Makes New Investment in GXO Logistics, Inc. (NYSE:GXO)

Values First Advisors Inc. purchased a new stake in GXO Logistics, Inc. (NYSE:GXO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,458 shares of the company’s stock, valued at approximately $128,000.

A number of other institutional investors also recently modified their holdings of the business. George Kaiser Family Foundation bought a new stake in GXO Logistics during the 1st quarter valued at $1,014,000. Retirement Systems of Alabama raised its stake in shares of GXO Logistics by 6.1% during the 1st quarter. Retirement Systems of Alabama now owns 318,034 shares of the company’s stock valued at $17,098,000 after purchasing an additional 18,184 shares during the period. Swedbank AB lifted its holdings in GXO Logistics by 15.9% during the 2nd quarter. Swedbank AB now owns 1,825,000 shares of the company’s stock worth $92,162,000 after purchasing an additional 250,000 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in GXO Logistics by 269.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,928 shares of the company’s stock worth $1,158,000 after purchasing an additional 16,716 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its holdings in GXO Logistics by 537.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 137,732 shares of the company’s stock valued at $6,955,000 after buying an additional 116,125 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GXO. UBS Group lowered their price target on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Susquehanna reduced 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 report on Thursday, September 26th. Finally, Citigroup assumed coverage on GXO Logistics in a research report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price objective on the stock. One research 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 $66.91.

GXO Logistics Stock Down 1.4 %

GXO opened at $61.12 on Friday. The business’s fifty day simple moving average is $52.80 and its 200 day simple moving average is $51.37. GXO Logistics, Inc. has a 52 week low of $46.07 and a 52 week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.30 billion, a PE ratio of 43.97, a P/E/G ratio of 1.52 and a beta of 1.59.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 earnings per share 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 analysts’ expectations of $2.73 billion. GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. As a group, research analysts expect that GXO Logistics, Inc. will post 2.79 earnings per share 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.