Signaturefd LLC Raises Holdings in GXO Logistics, Inc. (NYSE:GXO)

Signaturefd LLC grew its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 37.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 918 shares of the company’s stock after purchasing an additional 249 shares during the period. Signaturefd LLC’s holdings in GXO Logistics were worth $48,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. George Kaiser Family Foundation purchased a new position in shares of GXO Logistics during the first quarter valued at about $1,014,000. Retirement Systems of Alabama grew its position in GXO Logistics by 6.1% in the first quarter. Retirement Systems of Alabama now owns 318,034 shares of the company’s stock worth $17,098,000 after acquiring an additional 18,184 shares in the last quarter. Raymond James & Associates grew its position in GXO Logistics by 16.3% in the third quarter. Raymond James & Associates now owns 466,749 shares of the company’s stock worth $24,304,000 after acquiring an additional 65,534 shares in the last quarter. Swedbank AB lifted its stake in GXO Logistics by 15.9% in the second 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 during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in GXO Logistics by 269.1% in the second 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 last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of NYSE:GXO opened at $60.39 on Wednesday. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 43.45, a price-to-earnings-growth ratio of 1.81 and a beta of 1.59. 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 firm has a 50 day moving average of $53.29 and a 200 day moving average of $51.50.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data 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 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 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. On average, sell-side analysts predict that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group decreased their price objective on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Susquehanna decreased their price objective 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. JPMorgan Chase & Co. lifted their price target on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note 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 target for the company. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.91.

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.