2 weeks Ago By ABMN Staff
Canada Pension Plan Investment Board acquired a new stake in GXO Logistics, Inc. ( NYSE:GXO – Free Report ) during the second quarter, according to its most recent filing with the SEC. The firm acquired 4,600 shares of the company’s stock, valued at approximately $232,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in GXO. XTX Topco Ltd acquired a new position in shares of GXO Logistics during the second quarter valued at $228,000. Mathes Company Inc.
lifted its position in GXO Logistics by 6.3% during the 2nd quarter. Mathes Company Inc.
now owns 25,300 shares of the company’s stock valued at $1,278,000 after purchasing an additional 1,500 shares during the period. Foresight Group Ltd Liability Partnership boosted its stake in shares of GXO Logistics by 120.9% in the 2nd quarter.
Foresight Group Ltd Liability Partnership now owns 22,601 shares of the company’s stock valued at $1,141,000 after purchasing an additional 12,370 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of GXO Logistics by 13.0% during the 2nd quarter.
First Eagle Investment Management LLC now owns 262,750 shares of the company’s stock worth $13,269,000 after buying an additional 30,166 shares during the period. Finally, Waterloo Capital L.P.
raised its stake in shares of GXO Logistics by 10.3% during the second quarter. Waterloo Capital L.
P. now owns 21,353 shares of the company’s stock worth $1,078,000 after buying an additional 2,001 shares during the last quarter. 90.
67% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of analysts have commented on GXO shares. Susquehanna lowered their target price on shares of GXO Logistics from $75.
00 to $73.00 and set a “positive” rating for the company in a report on Thursday. Wells Fargo & Company began coverage on GXO Logistics in a research note on Friday, June 7th.
They set an “overweight” rating and a $58.00 price objective for the company. UBS Group cut their target price on GXO Logistics from $71.
00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co.
boosted their target price on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th.
One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.
27. GXO Logistics Price Performance Shares of GXO opened at $52.19 on Friday.
The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.
86. The firm has a market capitalization of $6.24 billion, a PE ratio of 37.
55, a P/E/G ratio of 1.55 and a beta of 1.58.
The stock has a 50 day simple moving average of $50.44 and a 200 day simple moving average of $50.55.
GXO Logistics, Inc. has a 52-week low of $46.07 and a 52-week high of $63.
07. GXO Logistics ( NYSE:GXO – Get Free Report ) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.
55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02).
The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.73 billion.
GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%.
The firm’s revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.
70 EPS. Sell-side analysts predict that GXO Logistics, Inc. will post 2.
79 EPS for the current fiscal year. GXO Logistics Profile ( Free Report ) 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. Further Reading Receive News & Ratings for GXO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GXO Logistics and related companies with MarketBeat.
com's FREE daily email newsletter ..
