SG Americas Securities LLC Buys 189,676 Shares of GXO Logistics, Inc. $GXO

SG Americas Securities LLC lifted its position in GXO Logistics, Inc. (NYSE:GXO) by 1,381.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,407 shares of the company’s stock after acquiring an additional 189,676 shares during the period. SG Americas Securities LLC owned approximately 0.18% of GXO Logistics worth $10,707,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GXO. Dimensional Fund Advisors LP increased its stake in GXO Logistics by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the company’s stock valued at $222,473,000 after purchasing an additional 121,486 shares in the last quarter. River Road Asset Management LLC raised its holdings in GXO Logistics by 5.4% in the second quarter. River Road Asset Management LLC now owns 2,967,046 shares of the company’s stock worth $147,492,000 after purchasing an additional 152,561 shares during the period. Alliancebernstein L.P. boosted its position in shares of GXO Logistics by 9.0% during the second quarter. Alliancebernstein L.P. now owns 2,736,892 shares of the company’s stock worth $133,287,000 after purchasing an additional 225,603 shares in the last quarter. Swedbank AB grew its holdings in shares of GXO Logistics by 4.2% in the 3rd quarter. Swedbank AB now owns 1,850,000 shares of the company’s stock valued at $97,846,000 after buying an additional 75,000 shares during the period. Finally, Parsifal Capital Management LP grew its holdings in shares of GXO Logistics by 77.5% in the 3rd quarter. Parsifal Capital Management LP now owns 1,482,957 shares of the company’s stock valued at $78,434,000 after buying an additional 647,457 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Down 0.2%

Shares of NYSE:GXO opened at $49.56 on Monday. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 165.20, a PEG ratio of 1.68 and a beta of 1.62. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $66.85. The company’s fifty day simple moving average is $57.93 and its 200 day simple moving average is $54.61. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.48 billion. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 EPS. As a group, research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analysts Set New Price Targets

GXO has been the topic of several research analyst reports. Truist Financial raised their price objective on GXO Logistics from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. The Goldman Sachs Group cut GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a research note on Wednesday, March 4th. Wells Fargo & Company increased their price target on GXO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Stifel Nicolaus set a $70.00 price target on GXO Logistics in a research report on Thursday, February 12th. Finally, Citigroup lifted their price objective on GXO Logistics from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.17.

GXO Logistics Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.