GAMMA Investing LLC Grows Stock Position in GXO Logistics, Inc. (NYSE:GXO)

GAMMA Investing LLC increased its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 57.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 832 shares of the company’s stock after buying an additional 302 shares during the quarter. GAMMA Investing LLC’s holdings in GXO Logistics were worth $33,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GXO. Kovitz Investment Group Partners LLC raised its position in GXO Logistics by 28,112.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock valued at $114,036,000 after purchasing an additional 2,612,223 shares during the period. Norges Bank purchased a new stake in GXO Logistics in the 4th quarter valued at about $55,266,000. Spruce House Investment Management LLC raised its stake in shares of GXO Logistics by 133.3% in the 4th quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company’s stock valued at $91,350,000 after acquiring an additional 1,200,000 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of GXO Logistics in the 4th quarter valued at approximately $46,523,000. Finally, J. Goldman & Co LP purchased a new stake in shares of GXO Logistics in the 4th quarter valued at approximately $23,080,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company boosted their target price on GXO Logistics from $48.00 to $57.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Truist Financial upgraded GXO Logistics from a “hold” rating to a “buy” rating and boosted their price objective for the company from $48.00 to $62.00 in a report on Friday. Barclays boosted their price objective on GXO Logistics from $45.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday. Citigroup boosted their price target on shares of GXO Logistics from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of GXO Logistics from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $57.43.

GXO Logistics Stock Up 0.1%

GXO stock opened at $51.72 on Friday. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33. The company’s 50 day moving average price is $43.96 and its 200 day moving average price is $41.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 83.42, a PEG ratio of 1.88 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. GXO Logistics had a net margin of 0.61% and a return on equity of 10.49%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. On average, equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS 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.