GAMMA Investing LLC Has $54,000 Holdings in GXO Logistics, Inc. $GXO

GAMMA Investing LLC grew its holdings in GXO Logistics, Inc. (NYSE:GXO) by 34.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,115 shares of the company’s stock after purchasing an additional 283 shares during the quarter. GAMMA Investing LLC’s holdings in GXO Logistics were worth $54,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its stake in GXO Logistics by 13.7% in the first quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company’s stock valued at $674,000 after acquiring an additional 2,076 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of GXO Logistics by 2.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company’s stock worth $1,512,000 after purchasing an additional 886 shares during the last quarter. KBC Group NV boosted its position in shares of GXO Logistics by 20.0% in the 1st quarter. KBC Group NV now owns 5,821 shares of the company’s stock worth $227,000 after purchasing an additional 969 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of GXO Logistics by 0.3% during the first quarter. Principal Financial Group Inc. now owns 274,832 shares of the company’s stock worth $10,740,000 after purchasing an additional 831 shares during the period. Finally, LPL Financial LLC increased its holdings in GXO Logistics by 23.7% in the first quarter. LPL Financial LLC now owns 72,279 shares of the company’s stock valued at $2,629,000 after purchasing an additional 13,825 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GXO has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on GXO Logistics from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. UBS Group increased their price target on shares of GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Friday. Susquehanna boosted their price objective on shares of GXO Logistics from $58.00 to $60.00 and gave the company a “positive” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. upped their target price on shares of GXO Logistics from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Stifel Nicolaus lifted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Eleven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.86.

GXO Logistics Stock Performance

Shares of GXO stock opened at $53.71 on Friday. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The company’s fifty day simple moving average is $51.70 and its 200-day simple moving average is $45.35. The firm has a market cap of $6.15 billion, a PE ratio of 101.34, a P/E/G ratio of 2.16 and a beta of 1.64. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. GXO Logistics’s quarterly revenue was up 15.9% on a year-over-year basis. Equities research analysts expect 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.