Asset Management One Co. Ltd. Boosts Holdings in GXO Logistics, Inc. (NYSE:GXO)

Asset Management One Co. Ltd. boosted its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 11.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 148,074 shares of the company’s stock after buying an additional 15,203 shares during the quarter. Asset Management One Co. Ltd.’s holdings in GXO Logistics were worth $7,710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GXO. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of GXO Logistics by 25.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,591 shares of the company’s stock valued at $1,752,000 after purchasing an additional 6,653 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of GXO Logistics by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 104,108 shares of the company’s stock valued at $5,597,000 after purchasing an additional 1,392 shares during the period. Quantbot Technologies LP purchased a new stake in shares of GXO Logistics during the first quarter valued at $1,354,000. Sciencast Management LP boosted its stake in shares of GXO Logistics by 14.4% during the first quarter. Sciencast Management LP now owns 8,211 shares of the company’s stock valued at $441,000 after purchasing an additional 1,033 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of GXO Logistics by 34.3% during the first quarter. SG Americas Securities LLC now owns 4,816 shares of the company’s stock valued at $259,000 after purchasing an additional 1,230 shares during the period. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Performance

Shares of GXO Logistics stock opened at $60.42 on Friday. The company has a market capitalization of $7.22 billion, a PE ratio of 67.13, a P/E/G ratio of 1.75 and a beta of 1.55. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50-day simple moving average of $54.76 and a two-hundred day simple moving average of $51.97. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.33.

GXO Logistics (NYSE:GXO) last announced its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.21%. The firm’s revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. Research analysts expect that GXO Logistics, Inc. will post 2.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on GXO shares. Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price for the company. Susquehanna decreased their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. TD Cowen lifted their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday. Finally, UBS Group lifted their price objective on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.55.

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.