Teacher Retirement System of Texas Purchases Shares of 17,467 GXO Logistics, Inc. (NYSE:GXO)

Teacher Retirement System of Texas acquired a new stake in GXO Logistics, Inc. (NYSE:GXO) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,467 shares of the company’s stock, valued at approximately $683,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of GXO Logistics by 57.0% in the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock valued at $33,000 after purchasing an additional 302 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of GXO Logistics during the 1st quarter worth $34,000. Murphy & Mullick Capital Management Corp purchased a new position in GXO Logistics in the 4th quarter valued at approximately $41,000. Summit Securities Group LLC lifted its position in shares of GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after acquiring an additional 897 shares in the last quarter. Finally, Quarry LP grew its holdings in GXO Logistics by 1,334.9% in the 4th quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $54,000 after buying an additional 1,148 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on GXO shares. Barclays boosted their price target on GXO Logistics from $45.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. lifted their price target on shares of GXO Logistics from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Wells Fargo & Company increased their target price on shares of GXO Logistics from $48.00 to $57.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Susquehanna reiterated a “positive” rating and issued a $58.00 target price (up from $57.00) on shares of GXO Logistics in a research note on Tuesday, June 24th. Finally, Truist Financial raised GXO Logistics from a “hold” rating to a “buy” rating and increased their target price for the stock from $48.00 to $62.00 in a report on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.43.

GXO Logistics Stock Performance

Shares of GXO opened at $51.50 on Wednesday. The business has a 50-day simple moving average of $44.53 and a two-hundred day simple moving average of $41.52. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.88. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 83.06, a PEG ratio of 1.90 and a beta of 1.64. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33.

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

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.