5,197 Shares in GXO Logistics, Inc. (NYSE:GXO) Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new position in GXO Logistics, Inc. (NYSE:GXO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,197 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds have also modified their holdings of GXO. DekaBank Deutsche Girozentrale purchased a new stake in GXO Logistics during the 3rd quarter valued at $28,000. UMB Bank n.a. raised its stake in shares of GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after acquiring an additional 331 shares during the period. Signaturefd LLC lifted its holdings in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares during the last quarter. Hara Capital LLC purchased a new position in shares of GXO Logistics during the 3rd quarter worth about $50,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after purchasing an additional 282 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Down 2.0 %

Shares of NYSE GXO opened at $47.54 on Tuesday. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.33. The stock’s fifty day simple moving average is $58.05 and its two-hundred day simple moving average is $53.02. The stock has a market capitalization of $5.68 billion, a PE ratio of 52.82, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

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. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the company posted $0.69 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. As a group, analysts expect that GXO Logistics, Inc. will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. TD Cowen boosted their target price on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays cut their price objective 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. Citigroup initiated coverage on GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price for the company. Susquehanna cut their price target on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Finally, Oppenheimer lifted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.33.

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.